Gulf equities slide as falling crude drags energy-linked shares

Equities in Gulf markets dropped on weaker oil prices, with energy-linked stocks and sovereign-stake sales accelerating regional sell-off pressures.

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5 days ago

Gulf equities slide as falling crude drags energy-linked shares

Gulf equities slide as falling crude drags energy-linked shares
Major Gulf stock markets slipped after declines in oil prices pressured energy and resource linked shares. In Saudi Arabia, the benchmark index fell 0.9%, weighed down by heavy losses in bank and investment stocks after a large stake sale by a sovereign fund. UAE markets also saw modest declines amid regional investor caution.