Monday morning Gulf stocks were subdued after a tanker explosion in the Strait
of Hormuz and continued uncertainty over when the shipping lane will reopen.
Saudi Arabia’s TASI fell 0.3%, weighed by a 1.7% drop in a major mining stock
and a 0.8% decline in Saudi National Bank. Dubai’s DFMGI was flat. Abu Dhabi’s
FTFADGI slipped 0.2%. Qatar’s QSI fell 0.5% to its lowest level in more than six
years.
