Wednesday, 21 August 2019

MIDEAST STOCKS-Most major Gulf markets fall, banks weigh on Saudi index - Reuters

MIDEAST STOCKS-Most major Gulf markets fall, banks weigh on Saudi index - Reuters:

Most major Gulf stock markets fell on Wednesday, with
Saudi banking shares pushing that index down the most, amid rising regional
geopolitical tensions and ahead of U.S. Federal Reserve events.

Tensions in the Middle East remained in focus after the United States said
it would take every action it can to prevent an Iranian tanker sailing in the
Mediterranean from delivering oil to Syria in contravention of U.S. sanctions.

Adding to the tension was Australia agreeing to join a U.S.-led mission to
protect Gulf shipping. Iran denounces the effort and insists countries in the
region can protect waterways and work towards signing a non-aggression pact.

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