Most Gulf bourses extend losses on economic growth fears.

The main share index (.DFMGI) in Dubai.

The main share index (.DFMGI) in Dubai.

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

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

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

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