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 ARABIA
TADAWUL:TASI closed
KUWAIT
(.BKP) down 0.5% to 9,197
QATAR
QSE:GNRI lost 0.6% to 11,161
EGYPT
EGX:EGX30 fell 2.2% to 49,561
BAHRAIN
BAHRAIN:BHBX down 0.1% to 2,062
OMAN
(.MSX30) lost 0.1% to 7,217