MIDEAST STOCKS-Gulf stocks extend losses on tanker attacks, Saudi banks fall - Reuters:
Stock markets in the Gulf
extended losses on Sunday reflecting a cautious mood among
investors following last week’s oil tanker attacks.
The attacks on the tankers in the Gulf of Oman on Thursday
raised fears of a military confrontation in a vital shipping
route for global oil supply and heightened tensions between Iran
and the United States, which have been in a standoff over Iran’s
nuclear programme.
The Saudi index had dropped 1.6% on Thursday and
fell a further 0.6% on Sunday after slight gains in early trade.
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