Thursday 12 November 2015

MIDEAST STOCKS-Saudi, Dubai fall back; Egypt stable despite FX fears | Reuters

MIDEAST STOCKS-Saudi, Dubai fall back; Egypt stable despite FX fears | Reuters:

"Stock markets in Saudi Arabia and
Dubai fell on Thursday in response to low oil prices, while
Egypt's market held steady in the face of uncertainty over
exchange and interest rates.
Brent oil slipped to a two-month low just above $45
a barrel on Thursday, fuelling concern about austerity steps
that governments in the region may be forced to take next year.
The Saudi stock index, which surged 2.0 percent on
Wednesday, dropped 0.6 percent. Miner Ma'aden sank 3.1
percent."



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