US allocates additional grant of $16.5 mln to support Egypt's education, agribusiness    Palestinian Wadi scores hat-trick as Masry rout Malindi 4-1 in Confederation Cup    Tennis: Egypt suffers a bitter loss against Slovenia in Davis Cup    Egyptian gov't working to remove trash in Ismailia    'Al-Daheeh' host Ahmed El-Ghandour shortlisted for IBC's first 'Young Pioneer' award    Egypt forces kill group of terrorists in North Sinai, four policemen wounded: Ministry    Egypt sets 2022 GDP growth target of 8% – PM    Iran dismisses as ‘pointless' U.S. claims about Aramco attacks    U.S, European regulators reviewing safety of heartburn drugs like Zantac    'We can't win all the time,' says glum Guardiola    Cleanup resumes in Bahamas as Humberto swirls away    Egypt's supply ministry to kick off first trade forum with Italy on Sunday    Ukraine poised to seal 3-year IMF loan of $5bn    Egypt's Zamalek suffer surprise 2-1 defeat at Senegal's Generation Foot    California's governor aims to veto U.S. Trump insurance bill    British prime minister's aide divides, but will he conquer?    Foreign investments in Egypt's treasuries at $20bn August-end    Egypt's Sisi discusses education, terrorism at national youth conference    Egypt condemns drone attack on two Saudi oil facilities    LG Electronics targets $300 million sales in Egypt in 2020    Egypt's eighth National Youth Conference discusses effects of publishing lies on the state    Kenya is now the third African country to introduce malaria vaccine    Egypt's Sisi inaugurates the eighth National Youth Conference    Sisi to open 8th edition of the National Youth Conference Saturday    Fire breaks out on tanker at Norway's Sture oil terminal    Spotify buys music production marketplace SoundBetter    In 'Women Make Film,' a 14-hr epic of an overlooked history    Egypt's Ahly striker Amr Gamal joins Talae El-Geish for 2 seasons    Shikabala left out of Egypt's Zamalek squad for Generation Foot clash    Egypt's Sisi issues four presidential decrees for private universities    Egypt, UK sign deal to establish branch of London School of Economics at New Administrative Capital    8th edition of Egypt's National Youth Conference to start Sunday    Egypt, Italy ink $4.3mn deal for solid waste recycling programme    Egypt's PM discusses details of Al-Hussein Mosque renovation    Egypt's Baron Empain Palace to be reopen after renovation    Court sentences six to death, 41 to lifetime imprisonment violence related case    Trump says he would release Mideast peace plan after Israeli elections    NBE announces EGP 2.5m prizes for handball youth teams for their world achievements    ACWA Power compares 3 bids to supply production units for Luxor power station    What do you know about gold alloying?    Jennifer Lopez evokes Egyptian outrage post her North Coast performance    Cairo's historic Tahrir square to be renovated – PM    Al-Sisi honours Egypt's scholars on Science Day    IS claims responsibility for suicide bombing killing 63 in Afghan wedding    Political parties gear up for parliamentary, senate, local elections    Unprecedented Glory: Egypt win Men's U-19 World Handball Championship    12th National Egyptian Theatre Festival fuel up public theatre art scene    Ministry of Environment has a plan for "black clouds season"    

Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.

Gulf shares mostly dip after holiday on recession fears
Published in Amwal Al Ghad on 14 - 08 - 2019

Most Gulf markets traded on Wednesday after a three-day Eid holiday, while Saudi Arabia and Oman's bourses will resume trading on Sunday.
The markets reversed earlier gains as optimism over Washington delaying tariffs on some Chinese imports gave way to fears that the global economy was heading toward recession in the wake of an abrupt decline in Germany's exports and slowing Chinese industrial growth.
Germany's disappointing exports sent Europe's largest economy into reverse in the second quarter as its manufacturers bore the brunt of a global slowdown amplified by tariff conflicts and uncertainty over Brexit.
China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
Qatar's index was down 1.6 percent to 9,676 points, its lowest loss since August 26, 2018. Market heavyweight Industries Qatar dropped 3.9 percent while Qatar National Bank fell 2.9 percent.
In Abu Dhabi, the index fell 0.9 percent with First Abu Dhabi Bank sliding 0.9 percent, and investment firm Waha Capital plunging 6.9 percent after swinging to second-quarter loss.
In Dubai, the index went down 0.2 percent with blue-chip developer Emaar Properties and Dubai Islamic Bank both trading 0.6 percent lower.
Abu Dhabi The index shed 0.9 percent to 5,054 points
Dubai The index was down 0.2 percent at 2,832 points
Qatar The index dropped 1.6 percent to 9,676 points

Bahrain The index was down 0.3 percent at 1,540 points
Kuwait The index was up 0.4 percent at 6,742 points

Source: Reuters

Clic here to read the story from its source.