Wednesday, 19 June 2019

MIDEAST STOCKS- #AbuDhabi outperforms as most Gulf mkts gain but #Saudi retreats - Reuters

MIDEAST STOCKS-Abu Dhabi outperforms as most Gulf mkts gain but Saudi retreats - Reuters:

Abu Dhabi stocks outperformed Gulf
markets on Wednesday buoyed by financial stocks, while Saudi
snapped two days of gains pressured by banking shares.

Last week's attacks on tankers in the Gulf of Oman raised
fears of confrontation in a vital route for global oil supply
and heightened tensions between Iran and the United States.

Investor concerns have eased somewhat, after both Tehran and
Riyadh said they did not want a war, but tensions in the region
remain high.

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