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The Gulf markets witnessed a collective decline today, Feb 24, with the escalation of tensions between Russia and Ukraine.

 

Russian President Vladimir Putin today announced a military operation in Ukraine to defend separatists in the east of the country, after indicating that they had been subject to genocide.

 

The Saudi Exchange (Tadawul) and Dubai Financial Market (DFM) were the biggest losers among peers, ending 1.8% lower each.

 

Gulf Markets’ Performance

Markets

Performance

Change (%)

Dubai

3274

(1.8%)

Saudi Arabia

12298

(1.8%)

Bahrain

1944

(1.1%)

Qatar

12639

(0.9%)

Abu Dhabi

9072

(0.3%)

Muscat

4036

(0.2%)

Kuwait

8320

(0.02%)

 

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