Most Gulf markets in red as banking fears rattle markets – Reuters.com
- Date: 14-Mar-2023
- Source: Reuters
- Sector:Financial Services
- Country:Saudi Arabia
Most Gulf markets in red as banking fears rattle markets – Reuters.com
March 13 (Reuters) - Most stock markets in the Gulf ended lower on Monday, extending losses from the previous session as the collapse of Silicon Valley Bank (SIVB.O) raised fears of a fresh financial crisis.
The failures in the U.S. banking sector continue to weigh on GCC stock markets and add to the uncertainties around U.S. monetary policy, said Fadi Reyad, Chief Market Analyst at CAPEX.com.
"Energy price movements remain under observation as well and could add to the pressures."
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