Sunday 5 January 2020

MIDEAST STOCKS- #Kuwait leads losses as Gulf slides on U.S.-Iran tensions - Agricultural Commodities - Reuters

MIDEAST STOCKS-Kuwait leads losses as Gulf slides on U.S.-Iran tensions - Agricultural Commodities - Reuters:

Most Gulf bourses fell sharply in early trade on Sunday with Kuwait leading the losses after Iranian military commander Qassem Soleimani was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport.

Saudi Arabia’s benchmark index fell 2% weighed down by a 1.4% slide in Al Rajhi Bank and a 2.7% drop in National Commercial Bank.

State-owned Saudi Aramco fell 0.7% to 34.9 riyals ($9.30).

In Kuwait, the index opened 3.4% lower with all stocks in the red including National Bank of Kuwait, off 3.4% and Kuwait Finance House down 3.6%.

No comments:

Post a Comment