AIRLINK 75.25 Increased By ▲ 1.55 (2.1%)
BOP 4.90 No Change ▼ 0.00 (0%)
CNERGY 4.44 Decreased By ▼ -0.08 (-1.77%)
DFML 43.30 Decreased By ▼ -1.58 (-3.52%)
DGKC 84.70 Decreased By ▼ -0.80 (-0.94%)
FCCL 21.30 Decreased By ▼ -0.10 (-0.47%)
FFBL 32.30 Decreased By ▼ -0.21 (-0.65%)
FFL 9.53 Decreased By ▼ -0.06 (-0.63%)
GGL 10.12 Decreased By ▼ -0.15 (-1.46%)
HASCOL 7.01 Decreased By ▼ -0.12 (-1.68%)
HBL 114.59 Decreased By ▼ -0.11 (-0.1%)
HUBC 139.30 Increased By ▲ 0.20 (0.14%)
HUMNL 12.12 Decreased By ▼ -0.30 (-2.42%)
KEL 4.95 Decreased By ▼ -0.08 (-1.59%)
KOSM 4.40 Decreased By ▼ -0.05 (-1.12%)
MLCF 37.22 Decreased By ▼ -0.38 (-1.01%)
OGDC 134.00 Decreased By ▼ -2.80 (-2.05%)
PAEL 25.29 Decreased By ▼ -0.10 (-0.39%)
PIBTL 6.64 Decreased By ▼ -0.05 (-0.75%)
PPL 119.29 Decreased By ▼ -1.71 (-1.41%)
PRL 26.38 Decreased By ▼ -0.21 (-0.79%)
PTC 13.70 Decreased By ▼ -0.40 (-2.84%)
SEARL 56.91 Decreased By ▼ -0.39 (-0.68%)
SNGP 66.90 Decreased By ▼ -1.10 (-1.62%)
SSGC 10.32 Decreased By ▼ -0.10 (-0.96%)
TELE 8.34 Decreased By ▼ -0.11 (-1.3%)
TPLP 10.88 Decreased By ▼ -0.10 (-0.91%)
TRG 62.90 Decreased By ▼ -0.44 (-0.69%)
UNITY 27.00 Decreased By ▼ -0.05 (-0.18%)
WTL 1.35 Decreased By ▼ -0.03 (-2.17%)
BR100 7,915 Decreased By -25.6 (-0.32%)
BR30 25,405 Decreased By -243.1 (-0.95%)
KSE100 75,360 Decreased By -157.7 (-0.21%)
KSE30 24,195 Decreased By -83 (-0.34%)

DYBAI: Major stock markets in the Gulf closed lower on Wednesday amid falling oil prices, as investors remained cautious ahead of Sunday’s scheduled OPEC+ meeting.

Oil prices - a catalyst for the Gulf’s financial markets - declined 2.7% as traders awaited news from the OPEC+ producers group which is likely to extend or even deepen oil supply cuts into next year.

Brent was trading at $80.22 a barrel by 1300 GMT.

Saudi Arabia’s benchmark index fell 0.3%, weighed down by a 2.2% slide in the Kingdom’s largest lender Saudi National Bank and a 2.9% decline in Almunajem Foods .

In Abu Dhabi, the benchmark index was down for a second consecutive session, ending 0.1% lower, with Q Holding dropping 2.1% and UAE’s largest lender First Abu Dhabi Bank declining by 1.3%.

Comments

Comments are closed.