Monday, 17 June 2019

MIDEAST STOCKS-Banks lift #Saudi stocks; other major Gulf markets mixed - Reuters

MIDEAST STOCKS-Banks lift Saudi stocks; other major Gulf markets mixed - Reuters:

Saudi Arabia’s stock market rebounded on Monday, led by its banking shares, while other major Gulf stocks were mixed after last week’s oil tanker attacks.

The United States blamed Iran for attacks on two tankers in the Gulf of Oman on Thursday, driving up oil prices and raising fears of a new U.S.-Iranian confrontation. Tehran denied the allegation.

Saudi Crown Prince Mohammed bin Salman on Saturday urged the international community to take a “decisive stand” but said Riyadh does not want a war.

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