MIDEAST STOCKS-Major Gulf indexes slide as Iran retaliates; Aramco's retreat extends - Reuters:
Major stock markets in the Gulf ended
lower on Wednesday after Iran launched missiles at bases housing
U.S. forces in Iraq, while Saudi Aramco extended losses.
Iran retaliated against the U.S. drone strike that killed an
Iranian commander late last week, an attack that stoked fears of
all-out conflict in the Middle East and set off a bout of risk
aversion.
However, Iranian officials said Tehran did not want a war
and its strikes "concluded" its response to the U.S. air strike,
helping settle down surges in oil and gold prices.
Saudi Arabia's benchmark index dipped 0.9% with all
its banking stocks ending in red except one. Al Rajhi Bank
was down 0.9%, while Samba Financial Group
decreased 2.2%.
State-owned Saudi Aramco fell 0.4% to 34.2 riyals
($9.12), extending losses for a fourth day in a row. The stock
opened at 34 riyals, hitting its lowest since it began trading
on Dec. 11.
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