Mideast Stocks: Oil price fall, renewed global woes weigh on Gulf stocks-continued

June 12, 2019--Saudi's index was down 0.3% in early trading with Al Rajhi Bank dropping 0.8%
All major Gulf markets dropped on Wednesday, mostly with financial sector shares taking a hit from falling oil prices and renewed weakness in global equity markets.
Oil prices fell nearly 2% on Wednesday, weighed down by weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.

view more

Source: Zawya.com


Middle East ETP News