MIDEAST STOCKS-Gulf shares mostly weak on geopolitics, Saudi corruption inquiry:
"Gulf stock markets mostly fell on Sunday because of rising geopolitical tensions and jitters related to Saudi Arabia’s anti-corruption investigation, although trading volume in Riyadh shrank, suggesting there was less panic selling of shares.
Geopolitical worries increased at the weekend after Bahrain linked an explosion at its main oil pipeline on Friday to Iran. There is now considerable concern about the possibility of aggressive Saudi action against Iranian interests in the region.
Meanwhile, wealthy Saudi individuals have been selling stocks in Riyadh and around the region - some of them hoping to move money out of the Gulf - since the anti-graft investigation was revealed at the start of last week."
'via Blog this'
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