Gulf stock markets fell on Sunday as investors weighed growing geopolitical tension after the U.S. said Iran will suffer if it does not agree a deal on its nuclear activity in a matter of days.
U.S. President Donald Trump said on Thursday that "really bad things" would happen if Tehran does not come to an agreement to curtail its nuclear programme. Trump set a deadline of 10 to 15 days.
The Qatari benchmark index (.QSI), opens new tab was down for a second straight day, falling 0.6%, with most constituents lower. Qatar National Bank (QNBK.QA), opens new tab, the region's largest lender, ws down 1.4%, while Qatar Gas Transport (QGTS.QA), opens new tab dropped 2%.
Outside the Gulf, Egypt’s blue-chip index (.EGX30), opens new tab also fell for a second day, losing 2.2%, with nearly all its stocks declining. Commercial International Bank (COMI.CA), opens new tab retreated 2.2%, while Fawry for Banking Technology (FWRY.CA), opens new tab fell 5.3%.
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