MIDEAST STOCKS-Most of Gulf drops; bank shares lift Saudi index - Reuters:
Most Gulf stock markets were in the red on
Monday with Qatar leading losses as oil prices fell, while gains
in banking shares supported the Saudi index.
Oil prices dropped on Monday after data showed Chinese
exports declined for a fourth straight month, sending jitters
through a market already concerned about damage to global demand
by the trade war between Washington and Beijing.
In Saudi Arabia, the benchmark index rose a further
0.3%, a day after it saw its biggest gain in a year.
On Sunday, the index climbed 2.4% as the kingdom spearheaded
a deal on Friday where OPEC and its allies agreed to extend
production cuts by 500,000 barrels per day to support oil
prices.
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