MIDEAST STOCKS- Saudi, Qatar fall ahead of Iran move, DFM slumps on Q1 result | Reuters:
"Gulf markets were mostly lower in early trade on Tuesday, with Saudi and Qatar indexes leading the declines, amid investor caution ahead of U.S. President Donald Trump’s announcement later in the day about the fate of the Iran nuclear deal.
The Saudi index was down 0.4 pct, dented by telecommunication shares, with Zain Saudi slumping almost 10 percent after reporting late on Monday that it had swung to a loss in the first quarter, as it lost nearly two million subscribers over the period.
Zain Saudi, part-owned by Kuwait’s Zain Group, lost 77 million riyals ($20.5 million) in the January-March period, compared with a profit of 45 million riyals in the same period a year ago."
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