MIDEAST STOCKS-Markets mixed as Saudi, Egypt make late dip | Reuters:
"Middle East markets were mixed on Tuesday as the later-closing Saudi Arabia and Egypt bourses gave back initial gains following a renewed drop in oil prices.
Brent crude, which had risen more than 50 percent from 12-year lows in January, was down 0.8 percent at $41.23 a barrel at 1240 GMT.
The prolonged oil slump sparked panic selling on Gulf markets in January, but confidence has steadily returned as traders' worst fears of a repeat of the 2008-09 bourse collapse proved unfounded."
'via Blog this'
No comments:
Post a Comment