MIDEAST STOCKS-Major Gulf indexes fall alongside subdued global equities - Reuters

MIDEAST STOCKS-Major Gulf indexes fall alongside subdued global equities - Reuters:

Major stock markets in the Gulf ended
lower on Wednesday as doubts about the easing of coronavirus
lockdowns and simmering U.S.-China tensions cast a shadow over
global equity markets.

U.S. President Donald Trump has kept up the pressure on
China, urging the country to be transparent about the origins of
the coronavirus, which began in the Chinese city of Wuhan late
last year.

Saudi Arabia's benchmark index dropped 0.8%, with
National Commercial Bank, the country's largest lender,
falling 2% and Al Rajhi Bank down 0.7%.

Moody's on Tuesday affirmed ratings of all Saudi Banks, but
changed outlooks to negative.

Clothing manufacturer Thob Al Aseel gained 3.3%
after signing a 97.5 million riyals ($25.97 million) contract
for medical supplies.