Sunday 9 August 2015

MIDEAST STOCKS-Most Gulf markets fall on weak oil, Saudi rebounds | Reuters

MIDEAST STOCKS-Most Gulf markets fall on weak oil, Saudi rebounds | Reuters:



"Most Gulf stock markets extended
losses on Sunday on weaker oil prices, but Saudi Arabia edged up
following a sharp fall last week.



The main Saudi index fell as much as 1.1 percent
during the day, hitting a fresh four-month low of 8,561 points,
but then turned around and rose 0.5 percent. It tumbled 4.9
percent last week.



Foodmaker Savola Group was the main gainer,
jumping 2.6 percent to 68.00 riyals as it rebounded from
technical support at 65.50 riyals, the low it hit in June and
March."



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