The Gulf financial markets lost about $52.7 billion of their market value, due to the repercussions of the collapse of 3 US banks.
According to Kamco Invest, the Saudi market lost about 33.92 billion dollars of its market value, followed by the Abu Dhabi market with 9.77 billion, then the Kuwait Stock Exchange, which lost 4.06 billion (1.247 billion dinars), which constituted about 3.1 percent of its market value, followed by the Qatar Stock Exchange with 3. 04 billion, Dubai with 1.94 billion, and Bahrain with 45.3 million.
The Kuwait Stock Exchange general index recorded the largest decline among the indices of the Gulf markets, by closing down by 2.7 percent, followed by the Qatari market with a decline of 1.85 percent, then the Abu Dhabi market by 1.45 percent, and the Dubai Financial Market by 1.15 percent.
The Saudi market index decreased by 0.59 percent, while the Bahrain Stock Exchange index decreased by 0.15 percent, while the Muscat market index rose by 0.71 percent.
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