MIDEAST STOCKS-Gulf markets weighed by low oil prices, weak earnings | Reuters:
"Gulf stock markets saw lacklustre trade on Wednesday as low oil prices and weak earnings weighed on investor sentiment.
Crude prices declined for a third day, hovering near $50 a barrel for the first time in three weeks, amid doubts that OPEC members will agree to a cut output.
"Investor sentiment appears to be weak in general on low earnings visibility," said Vijay Harpalani, fund manager at Dubai-based Al Mal Capital."
'via Blog this'
No comments:
Post a Comment