MIDEAST STOCKS-Saudi index drops amid global weakness, Aldar tumbles in Abu Dhabi - Reuters:
Most Middle East markets dropped
on Sunday amid thin trading volumes, mirroring a tumble in
global stocks last week and weighed down by sliding oil prices.
Brent crude futures fell 58 cents on Friday, or 1%,
to settle at $59.34 a barrel, while Wall Street stocks tumbled
after President Donald Trump told U.S. companies to look at
alternatives to China for manufacturing, following Chinese
retaliatory tariffs on American goods.
The Saudi index was the worst performer, losing
2.4%, dragged down by banks and the petrochemical sector.
The rest of the region was also in red territory, except the
Egyptian and the Bahraini exchanges, which were little changed.
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