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The Cradle The Cradle @thecradlemedia · 55.9K subscribers
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⭕️ Most Gulf stock markets ended lower on Thursday. Saudi Arabia's benchmark index fell 1.6%, its largest one-day decline since March, marking a sixth consecutive week of losses. Saudi National Bank, the country's largest lender by assets, dropped 3.1%. Abu Dhabi's index declined 1.6%, while Dubai's main share index lost 1.7%. Qatar's benchmark plunged 2.2% to its lowest level since the pandemic-driven selloff in June 2020, with Qatar National Bank falling 2.9%. After trading ended, QNB reported third-quarter net profit of 4.65 billion riyals ($1.28 billion), up from 4.43 billion riyals ($1.21 billion) a year earlier.
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