Monday 17 June 2019

MIDEAST STOCKS- #Saudi snaps losing streak, other Gulf markets mixed - Reuters

MIDEAST STOCKS-Saudi snaps losing streak, other Gulf markets mixed - Reuters:

The Saudi market rose moderately on
Monday, recovering some losses from previous sessions with most
of its stocks gaining. Other indexes in the Gulf were mixed with
Abu Dhabi and Qatar extending losses following last week’s oil
tanker attacks.

The United States blamed Iran for attacks on two tankers in
the Gulf of Oman on Thursday 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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