Sunday, 12 May 2019

MIDEAST STOCKS-Military tensions, weak oil pressure most major Gulf markets - Reuters

MIDEAST STOCKS-Military tensions, weak oil pressure most major Gulf markets - Reuters:

Saudi Arabia's stock market fell on
Sunday, in line with most Gulf markets, after the U.S. Pentagon
approved the deployment of a warship and Patriot missiles to the
Middle East.

Sunday's decline was the sharpest one day drop since Nov.
18, 2018.

The Tadawul All-Share Index fell two percent to
close at 8,675 points, its lowest level since the end of March.
The benchmark is down almost 7 percent this month.

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