MIDEAST STOCKS-Rising U.S. tensions with Iran weigh on Gulf stock 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.
The Tadawul All-Share Index was down 1.8 percent to 8,699 points, its lowest level since the end of March. The benchmark is down almost 7 percent this month.
“The increased military tension between the U.S. and Iran are pressuring markets down,” said Mohammed Ali Yasin, chief strategy officer at Al Dhabi Capital in Abu Dhabi.
No comments:
Post a Comment