By Mahmoud Gamal
Mubasher: Stock markets in Egypt and the Gulf countries witnessed a negative performance during Tuesday’s sessions after Saudi Arabia’s announcement late yesterday of registering SAR 367 billion budget deficit in 2015, with expectations of a continuous deficit in 2016.
The benchmark index of Saudi’s Tadawul, the region’s largest stock market in terms of capitalisation, declined 3.3% at open.
Similarly, the benchmark index of Cairo bourse, EGX 30, inched down 0.7%.
UAE’s twin markets DFM and ADX retreated 0.46%and 0.17% respectivley.
The price index of Kuwait Stock Exchange also retreated 0.99%.
Main gauges in Qatar, Oman and Bahrainleveled down 0.98%, 0.10%, and 0.4% respectively.
