Most Gulf bourses extend losses on economic growth fears.

The main share index (.DFMGI) in Dubai.

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In Abu Dhabi, the index (.FTFADGI) declined 1.1%.

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Oil prices, a key catalyst for the Gulf's financial markets

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The Qatari index (.QSI) fell 0.4%, hit by a 4.5% fall in sharia-compliant lender Masraf Al Rayan (MARK.QA).

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Saudi Arabia’s benchmark index slid 4.4%

The UAE dirham, like most Gulf currencies, is pegged to the dollar.

The Saudi Central Bank, also known as SAMA