Gulf stock exchanges seek traction from Saudi opening

Rather than gaining a bounce from the opening up of the Saudi stock exchange (Tadawul), regional equities markets have been hit hard in the past month by the global turmoil related in part to collapsing Chinese markets. In a 24 August note, Capital Economics said the worst Middle East and North Africa (Mena) region stock market performers were largely concentrated in the Gulf, notably Saudi Arabia, Abu Dhabi and Dubai.