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The performance of the Gulf stock exchanges varied in the first sessions of the week
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Most of the Gulf stock exchanges fell due to the decline in oil prices
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(Reuters) - The markets in the United Arab Emirates (UAE) fell on Wednesday after solid gains in the previous two days, while Saudi Arabia extended losses to a fourth straight session as it imposed further restrictions to curb the spread of the coronavirus.
FILE PHOTO: Traders wait at the Bahrain Bourse after Joe Biden won the U.S. presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed
Dubai, which firmed more than 1% each in the past two sessions, weakened 0.4%, dragged mainly by financial stocks.
The Dubai Stock Exchange operator Dubai Financial Market slipped nearly 5%, while the emirate’s biggest bank Emirates NBD declined 1.3%.
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