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Thursday, 14 July 2016

MIDEAST STOCKS-Gulf markets hold steady amid low oil prices | Reuters

MIDEAST STOCKS-Gulf markets hold steady amid low oil prices | Reuters:

"Gulf markets were mixed on Thursday as investors treaded with caution after oil prices dropped the day before, dampening sentiment for riskier asset classes.

Uncertainty weighed on regional stocks in the hours before the Bank of England's first policy meeting since Britain voted to leave the European Union.

The Bank's decision to hold rates steady came after Gulf bourses had closed but Riyadh and Cairo were still trading."



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