Financial news

Middle East stock markets suffer losses, dragged down by US-Iran tensions

By  | 

Via RT Business

Saudi Arabia’s Tadawul All Share Index (TASI) as well as other key Middle East stock exchanges were down on Sunday after the killing of Iran’s top general triggered a new round of tensions between the US and Iran.

The TASI slumped around 2 percent and was below 8,230 points on Sunday morning. Shares of energy giant Saudi Aramco fell to the lowest level since its record IPO last month, trading at 34.55 riyals per share. 




Also on rt.com
‘Brand new beautiful equipment’ heading Iran’s way to hit harder ‘than ever before’: Trump goes hyperbolic on Twitter



Other key equity markets in the region also fell sharply. The major stocks of the Dubai Financial Market were down more than three percent after losing nearly 85 points, while the Qatar Exchange Index slid nearly 2.1 percent and shares included in Kuwait’s premier index fell more than four percent. The overall index of the 30 most highly capitalized and liquid stocks traded on the Egyptian Exchange also slumped, falling nearly 2.5 percent.

The drop comes as Washington and Tehran continued to exchange threats on Sunday, days after Quds Force commander Major General Qassem Soleimani was killed in a US drone strike in Iraq.




Also on rt.com
US stock market takes a dive as defense & oil shares soar after Soleimani’s killing in US strike



Earlier, the US stock market was shaken by the consequences of the attack, finishing the first trading days of 2020 with the biggest losses in a month. On Friday, the Dow Jones Industrial Average dropped 233.92 points or 0.8 percent, while the S&P 500 and the Nasdaq Composite fell more than 0.7 percent and nearly 0.8 percent respectively.

READ ALSO  Russia delivers 1st billion cubic meters of gas to Turkey through TurkStream pipeline

For more stories on economy & finance visit RT’s business section



Print Friendly, PDF & Email

Hold dit netværk orienteret