File - Investors talk as they monitor screens displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh in this November 12, 2014 photo. REUTERS/Faisal Al Nasser
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Stocks across most Gulf Arab markets retreated amid one of the worst diplomatic standoffs between Saudi Arabia and Iran in about a quarter-century.Qatar's QE Index led the drop with a 2.6 percent decrease, followed by Saudi Arabia's Tadawul All Share Index's 2.4 percent slide. Bloomberg's index of 200 major stocks in the six-nation GCC declined 1.7 percent to the lowest level in almost three weeks.Bahrain's Bourse All Share Index fell 0.2 percent.The ADX General Index in Abu Dhabi, the nation's capital, dropped 1.3 percent.Kuwait's SE Index slipped 0.8 percent, and Egyptian stocks slid 1.5 percent.
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