Arab stock indices fell in trading today, Monday, with declines in Asian and European markets amid fears of an economic slowdown in the United States. Global markets are experiencing a state of fear that has led to a wave of selling, fueled by increasing worries about a recession in the US economy. Earlier today, Asian markets dropped, with the Japanese stock market recording its worst loss since 1987.
Arab markets were also affected by geopolitical turmoil in the Middle East, as investors are concerned about escalating confrontations between Iran and Hezbollah with Israel. In the UAE, the Dubai Financial Market index fell by 4.9% to 4046.56 points by 13:20 Moscow time, while the Abu Dhabi Securities Exchange index decreased by 3.31% to 8984.66 points.
In Saudi Arabia, the main market index in Riyadh declined by 2.13% to 11503.66 points, while the Qatari stock market closed at 10057.23 points. In Egypt, the "EGX 30" index dropped by 1.69% to 28021.34 points amid a wave of selling, as indicated by trading results.
