Gulf shares fall on growing US-Iran tensions; Egypt extends loss

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By Md Manzer Hussain 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 QSE:GNRI was down for a second straight day, falling 0.6%, with most constituents lower. Qatar National Bank QSE:QNBK, the region's largest lender, ws down 1.4%, while Qatar Gas Transport QSE:QGTS dropped 2%.Outside the Gulf, Egypt’s blue-chip index EGX:EGX30 also fell for a second day, losing 2.2%, with nearly all its stocks declining. Commercial International Bank EGX:COMI retreated 2.2%, while Fawry for Banking Technology EGX:FWRY fell 5.3%.SAUDI ARABIATADAWUL:TASI closedKUWAIT(.BKP) down 0.5% to 9,197QATARQSE:GNRI lost 0.6% to 11,161EGYPTEGX:EGX30 fell 2.2% to 49,561BAHRAINBAHRAIN:BHBX down 0.1% to 2,062OMAN(.MSX30) lost 0.1% to 7,217

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