Arab markets are declining due to commercial tensions … from the biggest loser?

Arab stock exchanges indicators fell on Monday, with the exception of the Saudi market, amid a global decline raised by fears of the escalation of trade tensions between the United States and China, yet. The latter imposing reprisal customs duties on American goods by 34%.

Most Arab indicators were colored in red, at a time when an atmosphere of caution and anticipation prevailed among investors in the region.

Here are the levels of the most prominent indicators at 13:10 Moscow time:

Saudi Arabia: The main index increased by 0.61% to 11145.24 points.

Dubai: The index recorded a sharp decline of 3.68% to 4769.49 points.

Abu Dhabi: The index decreased by 2.84% to 8925.61 points.

Qatar: The index fell 0.69%, recording 9732.27 points.

Kuwait: The index fell 0.64% to 8054.40 points.

Egypt: The EGX 30 index lost about 1.64% to close at 30137.68 points.

These losses come amid increasing concerns about the outbreak of a comprehensive commercial war that may cast a shadow over global markets, at a time when investors suffer from an increased lack of certainty about the future of global economic policies. (Russia today)