Middle East Stocks Mixed, Rattled by U.S. - China Trade Tensions

MidEast shares were mixed, with investors worried about heightening trade tensions between the United States and China. Falling oil prices also added pressure.

On Wednesday, President Donald Trump said he wanted to raise the tariff on $200 billion of Chinese goods to 25% from a previously proposed 10%.That rattled Asian markets, which spread to other world bourses.

In company news, Aramex said on Wednesday Q2 profit increased 26%.

Saudi Arabia's main index dipped 0.4% to 8,254 points, Dubai eased 0.2% to 2,974 points, Abu Dhabi dropped 0.7% to 4,811 points, Qatar was flat at 9,981 points, Kuwait rose 0.7% to 5,349 points, Bahrain declined 0.3% to 1,349 points, Oman slipped 0.3% to 4,327 points and Egypt rose 0.9% to 15,806 point

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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