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Most Gulf markets subdued on economic concerns; Dubai gains

Newsroom Editor by Newsroom Editor
December 26, 2022
in Tech
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Dec 26 (Reuters) – Most stock markets in the Gulf ended lower on Monday, with modest trading volumes in the absence of many foreign investors due to the Christmas holidays.

Saudi Arabia’s benchmark index (.TASI) eased 0.1%, hit by 0.6% fall in Retal Urban Development Co (4322.SE). Tech firm Perfect Presentation (7204.SE) however jumped 6.2% after it signed a strategic agreement with Huawei.

Last week, the MSCI index for EM equities (.MSCIEF)…



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