Sunday 13 December 2015

MIDEAST STOCKS-Oil slump strengthens market sell-off in UAE, Qatar | Reuters

MIDEAST STOCKS-Oil slump strengthens market sell-off in UAE, Qatar | Reuters:

"Gulf markets fell in early trade on Sunday as the oil price slump fuelled a broad stock sell-off.

Brent crude posted its biggest weekly percentage drop in over a year on Friday to settle at $37.93 after the International Energy Agency (IEA) warned that global oversupply of crude could worsen next year.

Qatar's stock index tumbled 3.8 percent, taking its losses for the year to 21.7 percent, underperforming the MSCI emerging market index which is down 19 percent in 2015."



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