MIDEAST STOCKS-Tanker incident weighs on Saudi, profit taking hurts Kuwait - Reuters:
Saudi Arabia's stock index
declined on Sunday, as political concerns weighed on
investors after Iran's seizure of a British-flagged tanker in
the Gulf.
Britain called Iran's action against the Stena Impero in the
Strait of Hormuz on Friday a "hostile act".
"Markets are following the negative global lead as
geopolitical risks take centre stage following the UK tanker
seizure," said Vrajesh Bhandari, senior portfolio manager at Al
Mal Capital in Dubai.
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