MIDEAST STOCKS-Saudi stabilises after debt downgrade; Emaar lifts Dubai | Reuters:
"Saudi Arabia's stock market
stabilised on Monday after a slide on the previous day in
response to a downgrade of the kingdom's debt. Emaar Properties
lifted Dubai's market after reporting third-quarter earnings.
The Saudi equities index had dropped 1.1 percent on
Sunday after Standard & Poor's cut its rating of the kingdom's
sovereign debt, citing the damage to state finances from low oil
prices.
On Monday the impact of that news faded and the index closed
0.3 percent higher at 7,066 points, though it finished well off
the day's high of 7,118 points."
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