Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.
Aug 28 - Most stock markets in the Gulf ended lower on Monday as a slightly hawkish outlook from U.S. Federal Reserve chair Jerome Powell weighed on investor sentiment.Monetary policy in the six-member Gulf Cooperation Council is usually guided by Fed policy because most regional currencies are pegged to the U.S. dollar.
The Qatari index fell 0.5%, snapping its winning streak from the two previous sessions, with most sectors in the red.Saudi Arabia's benchmark index was down 0.1%, also after rising in the previous two sessions. The index was dragged down by a 2.2% decline in Dr Sulaiman Al-Habib Medical Services and a 0.7% fall in oil giant Saudi Aramco .
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