Middle East stocks mixed after renewed US-Iran talks as LNG flows disrupted
Major Gulf markets traded mixed early Tuesday as US and Iranian officials held separate talks via mediators, with Qatar, Saudi Arabia and Dubai moving differently and LNG flow disruption clouding sentiment.
Sept 29 (Reuters) — Major Gulf markets were mixed in early trade on Tuesday as investors weighed renewed diplomatic efforts to end the conflict between the United States and Iran. 9%. 9% decline in Saudi Arabian Mining Company. 2%.
1% gain in sharia-compliant lender Dubai Islamic Bank. Abu Dhabi's index was little changed. US and Iranian officials held separate talks with mediators on Monday, officials from both countries said, in a renewed push to end the war. Any further negotiations are expected to centre on an amended version of the seven-day proposal Iran presented last week on the sidelines of the United Nations General Assembly, according to an official briefed on the talks.
Sentiment was also clouded by continued disruption to LNG flows. QatarEnergy has extended force majeure notices and will be unable to deliver liquefied natural gas cargoes to Italian utility Edison and certain Asian customers while the Strait of Hormuz remains closed, Edison and trading sources said on Monday. com; +918061822788)