Wednesday 7 January 2015

MIDEAST STOCKS-Dubai leads gains as Gulf markets rebound | Reuters

MIDEAST STOCKS-Dubai leads gains as Gulf markets rebound | Reuters:



"Most Gulf stock markets rebounded on Wednesday after suffering sharp losses earlier in the week because of the renewed slide in oil prices.



Brent futures have fallen more than 10 percent this week to their lowest levels since the spring of 2009, and briefly dropped below $50 per barrel on Wednesday. 




However, some investors have decided that Gulf equities are oversold and have now returned to the markets as buyers, temporarily at least."



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