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☆ Major Gulf bourses in red on volatile oil, global growth concerns
  + stars: | 2022-10-19 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Oct 19 (Reuters) - Major stock markets in the Gulf turned negative on Wednesday, amid volatile oil prices and concerns around global economic growth, with the Dubai index snapping four sessions of gains. The Dubai bourse was volatile as concerns about a global recession continued to weigh on traders' expectations, said Daniel Takieddine, CEO MENA BDSwiss. Register now for FREE unlimited access to Reuters.com Register"The market could see some price corrections if traders move to secure their gains." According to analyst Takieddine, the Qatari market fell on a slide in natural gas prices and remained exposed to more losses. Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru Editing by Mark PotterOur Standards: The Thomson Reuters Trust Principles.
☆ Saudi leads Gulf bourses lower on recession worries
  + stars: | 2022-09-25 | by ( Ateeq Shariff | ) www.reuters.com   time to read: +2 min
Register now for FREE unlimited access to Reuters.com RegisterBahraini traders are seen at Bahrain Bourse in Manama, Bahrain, November 4, 2020. Register now for FREE unlimited access to Reuters.com RegisterRetal Urban Development Co (4322.SE) dropped 4%, while oil behemoth Saudi Aramco (2222.SE) finished 2.6% lower. read moreThe Saudi index remains exposed to additional price corrections with oil demand expected to continue slowing down, said Daniel Takieddine, CEO MENA BDSwiss. Outside the Gulf, Egypt's blue-chip index (.EGX30) eased 0.3%, hit by a 2.1% fall in Commercial International Bank (COMI.CA). Register now for FREE unlimited access to Reuters.com RegisterReporting by Ateeq Shariff in Bengaluru; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
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