Thursday 10 May 2018

MIDEAST STOCKS-Geopolitics weigh on Gulf markets, Arabtec jumps in Dubai | Reuters

MIDEAST STOCKS-Geopolitics weigh on Gulf markets, Arabtec jumps in Dubai | Reuters:

"Gulf markets were mostly weak in early trade on Thursday amid investor concerns over an escalation of tensions in the Middle East, where Israel responded to what it said was a rocket attack from Iranian forces in Syria.

The attack on the Israeli-occupied Golan Heights, just after midnight, marked the first time Iranian forces have attacked Israel from Syria, where they have deployed along with Iran-backed Shi’ite militias and Russian troops to support President Bashar al-Assad in Syria’s civil war.

The Saudi index was down 0.4 pct, despite strong oil prices that usually boost Gulf markets and shares in the energy sector."



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