MIDEAST STOCKS-Gulf mkts resume slide, more declines seen | Reuters:
"Most Gulf bourses resumed declines on Monday as U.S. Congress prepared to debate on whether or not to approve a military strike on Syria, while Egypt rose after a full acquisition offer for Orascom Construction.
Dubai's benchmark dropped 2 percent to 2,325 points, giving back Sunday's gains to slump to a two-month low.
"This volatility shows the market didn't bottom out and the technical outlook is still negative," said Firas Al Zghaibi, financial markets strategist at brokerage MENA Corp.
"Most likely, the index will break below 2,300. A typical target is 2,220 but because of news-flow, volatility may rise so we might see lower levels.""
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