Sunday 2 September 2018

MIDEAST STOCKS-Saudi falls for 3rd day as most Gulf markets slip on global trade woes | Reuters

MIDEAST STOCKS-Saudi falls for 3rd day as most Gulf markets slip on global trade woes | Reuters:

Most Gulf markets ended lower on Sunday, with the Saudi bourse falling for a third straight day amid investor concern about the impact that trade disputes involving the United States could have on the global economy and equities.

Sentiment among global investors has been dampened by a U.S.-China trade row while contentious trade talks between the United States and Canada ended on Friday with no deal to revamp the North American Free Trade Agreement.

The Saudi market fell 0.4 percent, with Saudi Basic Industries down almost 1 percent and Saudi British Bank dropping 2.3 percent as traders said investors were focused on external markets.

No comments:

Post a Comment