Stock Markets Across The Middle East Crashed Today (They Are Open On Sundays)

The Telegraph: Iran sanctions: Middle East stock markets crash as Tehran enters oil war

Prospect of the Islamic Republic pumping an additional 500,000 barrels a day sends stock markets in Dubai and Saudi Arabia into tailspin

Stock markets across the Middle East collapsed as the lifting of economic sanctions against Iran threatened to unleash a fresh wave of oil onto global markets that are already drowning in excess supply.

All seven stock markets in Gulf states tumbled as panic gripped traders. Dubai's DFM General Index slumped 4.8pc to 2,682.56, while Saudi Arabia's Tadawul All Share Index collapsed by 7pc to 5,409.35, its lowest level in almost five years.

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Update #1: MIDEAST STOCKS-Gulf plunges on oil price slide; Egypt off lows (Reuters)
Update #2: Iran sanctions: Gulf stocks down on oil price fears (BBC)
Update #3: Gulf Stock Markets Tumble as Iran Deal Takes Effect (WSJ)

WNU Editor: I just checked the Saudi exchange .... everything ... and I mean everything .... is in the red. When it comes to stock markets the focus is always on Asian, European, and U.S. markets. But I always found the Middle East markets interesting. They are opened on Sundays, and even though these markets are small, they do give indication on what will happen on Monday. For a full list of stock markets in the Middle East go here .... Middle East Stock Exchanges.