Kuwaiti and Saudi stocks led Gulf stocks sharply lower in late afternoon trade on Sunday in the wake of a U.S. drone strike in Baghdad that killed Iran’s military commander.
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Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses.
Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco , which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on Dec 11. Iranian military commander Qassem Soleimani, the architect of Tehran’s overseas military operations was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport. …read more […]
Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco , which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on Dec 11. Iranian military commander Qassem Soleimani, the architect of Tehran’s overseas military operations was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport. …read more […]
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Shares of Saudi Aramco were down 1.7% in late afternoon trade on Sunday, hitting 34.55 riyals ($9.21) per share, its lowest level since it started trading last month after a record initial public offering (IPO).
Gulf stocks fell sharply in early trade on Sunday, led by Kuwaiti shares, on escalating tensions between the United States and Iran. Iranian military commander Qassem Soleimani, the architect of Tehran’s overseas clandestine and military operations was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport. The killing is seen by Tehran as an act of war that risks regional conflagration. …read more […]
(Bloomberg Opinion) — Events in 2019 served as a reminder for just how vulnerable the world’s oil supply is, and Iran was usually blamed as the culprit for attacks on ships, pipelines and processing plants in the Middle East. But the knock-on effects blew over quickly in a world that appeared oblivious to the geopolitics of oil. Now in the wake of the U.S. killing of Qassem Soleimani, the Iranian general who led the Revolutionary Guards’ Quds force, the big question hanging over the market is whether Iran will target oil in its response. There is no particular reason to …read more […]
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