Most Gulf bourses retreat after Trump dismisses Iranian overture
Saudi Arabia's benchmark index fell 1%, Qatar's index lost 0.5% and Egypt's blue-chip index dropped 1.1%. Dubai rose 0.3%.
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Most Gulf bourses retreat after Trump dismisses Iranian overture
By Ateeq ShariffMost Gulf equity markets ended lower on Monday after US President Donald Trump dismissed an Iranian proposal to reopen the Strait of Hormuz.Iran said diplomacy remained the only path forward, having put its UN-announced framework to Washington through Qatari intermediaries. Trump di…