From Muhammad Munther Hussein

May 17 (Reuters) - Gulf stock markets closed lower on Sunday as comments from U.S. President Donald Trump and Iranian Foreign Minister Abbas Araqchi further diminished hopes of a deal to end attacks on and seizures of ships near the Strait of Hormuz.

Trump said his patience with Iran was running out, and that he and his Chinese counterpart Xi Jinping agreed not to allow Tehran to acquire a nuclear weapon and on the need to reopen the Strait of Hormuz.

Araghchi stated on Friday that Iran "does not trust" the United States, and that it is only interested in negotiations if Washington is serious.

The Saudi stock market index extended its losses for the fourth consecutive session, falling 0.3 percent as most listed stocks declined. The declines were led by shares in the materials, consumer discretionary, and healthcare sectors.

Shares of Saudi Arabian Mining Company (Ma'aden) fell 2.3 percent and Saudi Basic Industries Corporation (SABIC) fell 2.5 percent.

The index in Qatar fell 0.1 percent, and most of the listed stocks also declined. Dukhan Bank shares dropped 0.7 percent, and Mesaieed Petrochemical Holding shares fell 1.3 percent.

The index fell by 0.9 percent in Kuwait, 0.2 percent in Bahrain, and 0.3 percent in Oman.

Outside the Gulf region, Egypt's blue-chip index fell for the fifth consecutive session, recording a decline of 1.5 percent today, with most of the listed stocks on it declining.

Shares in Commercial International Bank fell 1.1 percent and shares in GB Corp, also known as GB Auto, plunged 5.8 percent after the company announced on Thursday a 30.4 percent drop in consolidated net profit for the first quarter.