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Sunday, 2 October 2016

MIDEAST STOCKS-Saudi Arabia, Qatar move little in thin trade | Reuters

MIDEAST STOCKS-Saudi Arabia, Qatar move little in thin trade | Reuters:

"Stock markets in Saudi Arabia and Qatar moved little in thin trade early on Sunday with most bourses in the region closed for the Islamic new year.

Global stock markets ended last week on a firm note while Brent oil for November delivery settled above $49 a barrel in response to OPEC's deal to cut output.

But many analysts are uncertain whether the OPEC deal will be implemented effectively or result in any extended rise of oil prices, and after the Saudi government said last week that it was cutting civil service allowances, the main factor in that market is the damage to economic growth from austerity steps."



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