Most Gulf markets track oil, global shares lower

Aug 8 (Reuters) – Most stock markets in the Gulf ended down on Tuesday after tracking oil and global shares lower with the Saudi index falling for a ninth consecutive session.

Oil prices – a catalyst for the Gulf’s financial markets – fell by more than 1.5% after data showed China’s imports and exports fell much more than expected in July in another sign of a sluggish post-COVID rebound for the world’s largest oil importer.