Thursday 21 November 2019

MIDEAST STOCKS-Financials hit most of Gulf, Egypt continues to slide - Reuters

MIDEAST STOCKS-Financials hit most of Gulf, Egypt continues to slide - Reuters:

Most Major Gulf stock markets fell on
Thursday, weighed down by financial stocks and falling oil
prices, while Egypt extended a losing streak to a fourth day.

Oil prices edged lower as fresh tensions between the United
States and China over protests in Hong Kong fuelled concern that
a deal to end a trade war between the world's top two economies
may be further delayed.

The Abu Dhabi stock index was down 1%, with First Abu
Dhabi Bank, the largest lender in the United Arab
Emirates, dropping 0.8% and Abu Dhabi Commercial Bank
falling 1%. International Holding (IHC) was down 5.7%.

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