Monday 29 June 2015

Mideast Stocks Sink on Fear Attacks May Spread in Gulf Nations - Bloomberg Business

Mideast Stocks Sink on Fear Attacks May Spread in Gulf Nations - Bloomberg Business:



"Stocks in Dubai, the Middle East’s commercial hub, led regional declines on concern militants could target other Arab Gulf nations after Kuwait’s deadliest attack in decades killed 27 people.



The DFM General Index dropped 2.2 percent, the most since June 11, to 4,055.97 at the 2 p.m. close in the emirate. Kuwait’s SE Price Index slipped 0.2 percent to the lowest since December. More than 200 people were wounded when a bomb ripped through a Shiite mosque in the country, which shares borders with Iraq and Saudi Arabia.



The attack was one of four on Friday. A gunman killed at least 38 people in the Tunisian seaside resort of Sousse, a person was decapitated at a gas plant in southeastern France owned by Air Products & Chemicals Inc. and, in Somalia, Al-Shabaab militants said they killed about 30 African Union peace keepers."



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