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Sunday, 24 July 2016

MIDEAST STOCKS-Gulf retreats as oil's fall outweighs Q2 earnings | Reuters

MIDEAST STOCKS-Gulf retreats as oil's fall outweighs Q2 earnings | Reuters:

"Gulf stock markets declined on Sunday as sharp falls in oil prices late last week outweighed a few positive corporate earnings in Saudi Arabia.

In Egypt, investors bought shares that could benefit from any currency devaluation.

Riyadh's stock index fell 1.2 percent as losses accelerated in the final hour of trade, with four-fifths of traded stocks declining."



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