Sunday 23 June 2019

MIDEAST STOCKS- #Saudi leads major Middle East markets lower as regional tensions worsen - Reuters

MIDEAST STOCKS-Saudi leads major Middle East markets lower as regional tensions worsen - Reuters:

Middle Eastern stock markets fell
on Sunday, led by Saudi Arabia, as political tensions ramped up
after U. S. President Donald Trump announcing new sanctions on
Iran.

Trump on Saturday said additional sanctions would be imposed
on Monday but that he wanted to make a deal to bolster Iran's
flagging economy, an apparent move to defuse tensions following
the shooting down of an unmanned U.S. drone last week by Iran.

The Saudi index fell 1.5%, extending losses from the
previous two sessions, as banking shares slid.

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