MIDEAST STOCKS-Oil price fall weighs on Gulf markets, Saudi leads losses - Reuters:
All major Gulf stock markets traded lower on Tuesday with
financial shares suffering the biggest losses across the region amid declining
oil prices.
Saudi Arabia led the declines as most of the kingdom's banks dropped.
Oil prices fell as hopes faded for a trade deal between the United States
and China, after Washington blacklisted more Chinese companies.
The two main benchmarks of crude oil fell 1.3% and 1.5% by
1035 GMT, after having risen almost 1% earlier in the day.
Saudi Arabia's index closed down 0.6% with Al Rjahi Bank
and Samba Financial Group shedding 1.3% each.
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