Gulf markets plunge on U.S.-Iran tensions, Aramco hits lowest since IPO

Gulf stocks fell sharply in late afternoon trade on Sunday, with Kuwaiti and Saudi stocks leading losses. Shares of oil giant Aramco , which listed last month in a record initial public offering (IPO), fell 1.7% to hit the lowest level since it started trading on Dec 11. Iranian military commander Qassem Soleimani, the architect of Tehran’s overseas military operations was killed on Friday in a U.S. drone strike on his convoy at Baghdad airport. …read more

Source:: Yahoo Finance

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