Monday 26 August 2013

MIDEAST STOCKS-Regional bourses retreat on Syria tension | Reuters

MIDEAST STOCKS-Regional bourses retreat on Syria tension | Reuters:

"Regional markets retreated in a much-awaited profit-taking move but it was worsened by rising geo-political uncertainty after last week's reported chemical weapons attack in Syria.

U.N. inspectors on Monday travelled to a rebel-held suburb of the Syrian capital where they met and collected samples from victims of the attack, a Syrian doctor told Reuters. The visit follows calls from Western powers for military action to punish what may be the world's worst chemical attack in 25 years.

Saudi Arabia and Qatar's bourses corrected sharply.

The Saudi kingdom's benchmark fell 0.9 percent to 8,055 points, its biggest one-day drop since June 16 - the previous instance of heightened political tension around Syria on reports of the military's use of chemical weapons."

'via Blog this'

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