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Thursday, 15 September 2016

MIDEAST STOCKS-Markets fall on oil, track global trend | Reuters

MIDEAST STOCKS-Markets fall on oil, track global trend | Reuters:

"Stock markets in the United Arab Emirates fell on Thursday as they reopened after the long Eid al-Adha holidays, while Egypt continued sliding amid more bad news about the economy.

Brent crude oil fell about 3 percent for a second straight day on Wednesday to around $46 a barrel.

While UAE bourses were closed from Sunday to Wednesday, MSCI's emerging market equity index dropped 4.6 percent. That left few positives for UAE investors as they returned on Thursday and Dubai's main index fell 1.1 percent."



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