Major stock markets in the Gulf fell in early trade on Monday in line with markets across the world after US President Donald Trump’s tariffs on Canada, Mexico and China triggered fears of a broader trade war and a hit to global growth.
In the GCC, Saudi Arabia’s benchmark index dropped 0.5 per cent, Dubai’s main share index lost 0.7 per cent, with blue-chip developer Emaar Properties declining 1.1 per cent and top lender Emirates NBD retreating 1.2 per cent. In Abu Dhabi, the index was down 0.5 per cent. The Qatari benchmark fell 0.9 per cent.
