Thursday, 9 May 2019

MIDEAST STOCKS-Global mood weighs on Gulf as all major markets fall - Reuters

MIDEAST STOCKS-Global mood weighs on Gulf as all major markets fall - Reuters:

Abu Dhabi’s stock market fell on Thursday, weighed down by its biggest lender amid global trade tensions and falling oil prices, which sent all major Gulf markets sliding.

Oil prices dropped on Thursday over the escalating trade battle between the United States and China.

The Abu Dhabi index fell 1.3 percent, declining for the sixth straight session, with First Abu Dhabi Bank shedding 1.9 percent and Abu Dhabi Commercial Bank decreasing 2.3 percent.

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