Mideast Stocks: Kuwait leads most of Gulf lower as financials drag

Mideast Stocks: Kuwait leads most of Gulf lower as financials drag

Most bourses in the Gulf ended lower on Tuesday, hurt by their financial shares, with Kuwait hardest hit as investors shunned stocks across the board.In Kuwait, the index retreated 2.2%, its biggest intraday fall since April, dragged down by a 2.4% drop in Kuwait Finance House .Saudi Arabia's benchmark index lost 0.6%, with oil giant Saudi Aramco falling 1% and Al Rajhi Bank dropping 0.6%.But, Mobile Telecommunications Company Saudi Arabia (Zain KSA) jumped 7.8%, after it raised a 6-billion-riyal ($1.60 billion) loan to refinance existing debt and secure access to additional liquidity to support growth, the telecoms firm said in a bourse filing. Dubai's main share index gave up early gains to closed down 0.4%, pressured by a 1.9% fall in Emirates NBD Bank and a 0.7% decrease in blue-chip developer