European stock indices on Monday closed lower after the results of the parliamentary elections in France showed that none of the competing alliances obtained a clear majority, and amid additional pressure from the weakness in the shares of energy companies. The European Stoxx 600 index settled at 516.43 points, with the oil and gas sector having the most influence on the index results after it fell 1.1 percent amid the decline in crude oil prices. The French CAC 40 index gave up its early gains, losing 0.6 percent, amid expectations that negotiations to form the government will begin Monday. BNP Paribas shares lost 1.7 percent, while Societe Generale fell 1.2 percent. Delivery Hero shares fell 7.1 percent, the worst performance on the Stoxx600 index after the food delivery company announced that it may face a fine exceeding 400 million euros from the European Union (EU) as a result of violating antitrust rules. Source: Qatar News Agency
Related Posts
Saudi Stock Exchange Closes Lower
The Saudi Stock Exchange main index closed down by 20.97 points to close at 11,658.53 points, on Monday.
As many as 273 million shares were traded with a trading value of SAR 7.3 billion.
The shares of 93 companies rose while 130 others closed down….
Emirati economic delegation led by His Excellency Al Sayegh visits Mexico to enhance cooperation
The Ministry of Foreign Affairs and International Cooperation has coordinated a high-level economic delegation visit to the United States of Mexico between 29 January and 1 February 2023. The economic delegation, which was headed by HE Ahmed Al Sayegh,…
Qatar’s Tourism Sector Roadmap Showcased
Doha: HE Chairman of Qatar Tourism and Chair of the Board of Visit Qatar Saad Bin Ali Al Kharji emphasised the tourism sector as a pivotal component in the countrys efforts towards economic diversification, which is crucial for driving sustainable eco…