MIDEAST STOCKS-Gulf falls on weak foreign bourses, geopolitics | ZAWYA MENA Edition:
"Most Gulf stock markets fell in early trade on Wednesday because of sliding foreign bourses, with MSCI's index of Asia-Pacific shares ex-Japan down 1.4 percent, and because of negative geopolitical news related to Qatar and Yemen.
Qatar was the hardest hit major market with its index dropping 1.9 percent. Drilling rig provider Gulf International Services tumbled 5.7 percent.
The market surged early this week on hopes for progress in resolving Qatar's diplomatic dispute with four other Arab states. But those hopes were dashed when Saudi Arabia, the United Arab Emirates and Bahrain, in an apparent snub of Qatar, did not send their heads of state to this week's regional summit in Kuwait. "
'via Blog this'
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