{"id":225781,"date":"2022-05-21T20:55:33","date_gmt":"2022-05-21T20:55:33","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=225781"},"modified":"2022-05-21T20:55:33","modified_gmt":"2022-05-21T20:55:33","slug":"gulf-stock-exchanges-2","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/gulf-stock-exchanges-2\/","title":{"rendered":"Gulf stock exchanges falling due to global markets decline"},"content":{"rendered":"<p><strong>Abu Dhabi, (Business News Report)|| <\/strong>The Gulf stock exchanges fell during the past few days, due to the impact of the significant decline in the global financial markets after the high inflation rates.<\/p>\n<p>A report by <a href=\"https:\/\/www.google.com\/url?sa=t&amp;rct=j&amp;q=&amp;esrc=s&amp;source=web&amp;cd=&amp;cad=rja&amp;uact=8&amp;ved=2ahUKEwi1l9rJvPH3AhUog_0HHUx-CHkQFnoECA4QAQ&amp;url=https%3A%2F%2Fwww.kamcoinvest.com%2F&amp;usg=AOvVaw2fYnTcwTRvvNNcmpnj9Cvb\">Kamco Invest<\/a> for investments in Kuwait said that the Gulf stock exchanges lost $203.7 billion in market value during the past two weeks, affected by the decline in global markets due to the wave of inflation.<\/p>\n<p>The report indicated that the losses of the market value of the Gulf stock exchanges amounted to $78.6 billion this week, while the loss in the previous week was $125.1 billion.<\/p>\n<p>The Saudi Stock Exchange recorded the biggest loss in the Gulf, as its market value lost about $166.7 billion within two weeks, followed by the Qatar Stock Exchange with a loss of $12.1 billion, and then the Kuwait Stock Exchange, which lost $10.9 billion during the same period.<\/p>\n<p>As for the trading session at the end of the week, six Gulf stock exchanges ended Thursday&#8217;s trading with a decline in their indices.<\/p>\n<p>The Saudi Stock Exchange closed down by 2.24%, while the Qatar Stock Exchange index decreased by 2.23%, Bahrain by 2.09%, Dubai by 1.37% and Abu Dhabi by 0.62%, while the Muscat Stock Exchange index rose slightly by 0.01%.<\/p>\n<p>The stock exchanges of the Gulf countries declined during the past two weeks, a reflection of investors&#8217; concern about the acceleration of the rise in inflation, which will lead to a significant increase in interest rates and threaten global economic growth.<\/p>\n<p>In a separate context, Wall Street closed sharply lower on Thursday, and Target lost about a quarter of the market value of its shares, highlighting concern about the US economy after retail companies became the latest victim of price jumps.<\/p>\n<p>The benchmark S&amp;P 500 index posted its worst one-day loss since June 2020.<\/p>\n<p>Shares of Target Inc plunged 25% after its first-quarter profit halved. This is the biggest loss for its shares since the crash of Black Monday on October 19, 1987.<\/p>\n<p>Target&#8217;s results came a day after rival Walmart cut its earnings forecast.<\/p>\n<p>Shares of major interest rate-sensitive growth companies continued the series of losses and pushed the Standard &amp; Poor&#8217;s 500 and Nasdaq indexes lower. Shares of Tesla, Nvidia, Amazon, Apple and Microsoft closed sharply lower.<\/p>\n<p>All eleven sectors listed in the Standard &amp; Poor&#8217;s 500 declined, led by the shares of consumer products companies.<\/p>\n<p>Financial markets have recently been hit by rising inflation, the war in Ukraine, supply chain problems, pandemic-related shutdowns in China and monetary tightening from central banks, which raises concerns about a global economic slowdown.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Abu Dhabi, (Business News Report)|| The Gulf stock exchanges fell during the past few days, due to the impact of the significant decline in the global financial markets after the high inflation rates. A report by Kamco Invest for investments in Kuwait said that the Gulf stock exchanges lost $203.7 billion in market value during [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":225782,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278,7993],"class_list":["post-225781","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured","tag-gulf-stock-exchanges"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gulf stock exchanges falling due to global markets decline| BNReport<\/title>\n<meta name=\"description\" content=\"BNReport| The Gulf stock exchanges fell during the past few days, due to the impact of the significant decline in the global markets\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, 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