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Wednesday, 9 November 2016

MIDEAST STOCKS-Gulf markets sink in line with global shares on Trump win | Reuters

MIDEAST STOCKS-Gulf markets sink in line with global shares on Trump win | Reuters:
"Stock markets in the Gulf fell sharply in line with global bourses in morning trade on Wednesday as investors faced up to a shock win by Donald Trump in the U.S. presidential election.

Saudi Arabia's index pulled back 2.7 percent in the first 10 minutes of trade as a little over nine-tenth of the traded shares declined.

Petrochemical shares, which have been robust over the last several weeks turned south as Brent futures were down 1.7 percent to $45.3 a barrel. Saudi Basic Industries pulled back 1.2 percent."

'via Blog this'