Gulf stock markets rebounded yesterday, with oil prices and global stock markets rising, and investors are waiting for more details to assess the extent of the risk posed by the new corona mutant “Omigron” to the global economy.
Shares of Dubai Emaar Properties were up 1.8 percent, Emaar Properties was up 4.6 percent and Dubai Islamic Bank was up 2.1 percent, according to Reuters. “Union assets” rose 0.95 percent, “Shua Capital” 1.54 percent and “GFH” 3.1 percent.
Shares of Dubai, the center of tourism and tourism in the Middle East, fell 5.2 percent yesterday, the biggest drop since March 2020.
In Abu Dhabi, shares of Etisalat Group rose 5.8 percent to a record high of 2.2 percent. Abu Dhabi Islamic Bank holds 3.56 per cent, Abu Dhabi Commercial 1.68 per cent, Aktia Group 0.37 per cent, Altar Properties 2.25 per cent, Alpha Abu Dhabi Holdings 2.56 per cent, Dana Gas 3.92 per cent and First Abu Dhabi Bank 0.
On the Doha Stock Exchange, Qatari…