MIDEAST STOCKS-Most major Gulf stocks extend losses; Aramco touches low | Nasdaq

MIDEAST STOCKS-Most major Gulf stocks extend losses; Aramco touches low | Nasdaq:

Most major Gulf stocks extended their declines on Monday in line with their global peers, amid fears the coronavirus epidemic would hit Chinese demand. Dubai bucked the trend, helped by its financial services.

Qatar's index .QSI dropped 1.1%; all the stocks in its index fell except one. Mesaieed Petrochemical MPHC.QA plunged 5.2% and Commercial Bank COMB.QA lost 2.3%.

Saudi Arabia's benchmark index .TASI retreated 0.6% with Samba Financial Group 1090.SE shedding 2.7%, a day after it reported a decline in its annual profit before tax and zakat.

Saudi British Bank 1060.SE dropped 3%. Saudi Aramco 2222.SE reversed course to close flat after reaching its lowest since it began trading on Dec. 11.