Monday 14 December 2015

MIDEAST STOCKS-Oil slump deepens Saudi gloom; Gulf, Egypt mixed | Reuters

MIDEAST STOCKS-Oil slump deepens Saudi gloom; Gulf, Egypt mixed | Reuters:

"Saudi Arabia's bourse slid in the last hour of trade on Monday to end lower for a third session as crude prices extended a slump, while markets in Egypt, Qatar and the United Arab Emirates made slight rebounds following sustained declines.

Brent prices tumbled to $36.78 by 1233 GMT, dropping further towards 11-year lows.

Saudi Arabia's index fell 1.2 percent to a three-year low of 6,686 points. Selling intensified as Brent prices fell below $37, Reuters data showed."



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