Mideast Stocks: Major Gulf stocks fall, mirroring oil prices, global equities | ZAWYA MENA Edition:
All major Gulf markets fell on Monday, in line with oil and global stocks as growing fears of a second wave of coronavirus infections revived economic worries.
Brent crude futures were $1.02, or 2.6% lower, at$37.71 a barrel by 0750 GMT, as new coronavirus infections hit China and the United States, raising the prospect that renewed outbreaks could weigh on the recovery of fuel demand.
A cluster of COVID-19 infections in Beijing has increased concerns about a resurgence of the disease in China.
Saudi Arabia's benchmark index eased 0.4%, with National Commercial Bank, the kingdom's largest lender, dropping 1.4% and Al Rajhi Bank down 0.3%. State-owned Saudi Aramco was down 0.2%.
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