Wednesday 7 March 2018

MIDEAST STOCKS-Gulf stocks down with global markets; Saudi and Egypt defy trend

MIDEAST STOCKS-Gulf stocks down with global markets; Saudi and Egypt defy trend:

"Gulf stocks mostly fell on Wednesday, with only Saudi Arabia resisting a broad decline in global markets after the resignation of a key White House economic adviser sparked fears of a trade war.

The departure of Gary Cohn, who had opposed U.S. President Donald Trump’s plan for tariffs and was seen as a bulwark against protectionist forces within the Trump administration, triggered a global sell-off across asset classes.

The Qatar market lost 0.7 percent. Vodafone Qatar was the worst performer, shedding 5.4 percent."



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