Gulf shares decline on profit concern


The Dubai Financial Market General Index gained 0.5 per cent, paring the slump for the year to 68 per cent. The measure has lost the most among benchmarks in the world’s 50 biggest equity markets.

China’s CSI 300 Index lost 65 per cent, while India’s Sensitive Index dropped 56 per cent. Qatar’s DSM 20 Index increased 0.8 per cent. The Muscat Securities Market was closed on Wednesday for National Holiday. The Abu Dhabi Securities Exchange General Index fell 1.7 per cent to 2,685.54, while the Kuwait Stock Exchange Index lost 0.8 per cent.

Saudi Arabia’s Tadawul declined 1 percent to 4,445.49 at 2:11 p.m. local time, bringing the drop for the week to 8.9 per cent.

The Bahrain All Share Index lost 1.8 per cent to 1,913,28, the lowest close since February 2005.

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