Tuesday 5 December 2017

MIDEAST STOCKS-Gulf falls back after negative news on Yemen, Qatar

MIDEAST STOCKS-Gulf falls back after negative news on Yemen, Qatar:

"Gulf stock markets fell back on Tuesday after geopolitical news from Yemen and Qatar that has heavily influenced the bourses for weeks turned negative.

Markets rose early this week after former Yemeni president Ali Abdullah Saleh offered to ally with a Saudi Arabian-led coalition in his country’s conflict, and because of hopes that Qatar’s diplomatic isolation might end.

But Saleh was killed by Iran-aligned Houthi militia in Sanaa on Monday, a morale boost for the Houthis that analysts said could prove a serious blow to the Saudi coalition."



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