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Tuesday, 31 January 2017

MIDEAST STOCKS-Gulf slips in line with weak global shares, oil prices | Reuters

MIDEAST STOCKS-Gulf slips in line with weak global shares, oil prices | Reuters:

"Gulf stock markets fell in early trade on Tuesday in line with global equities after investor sentiment was soured by the travel curbs ordered by U.S. President Donald Trump. Kuwait's index pulled back a further 1.6 percent after dropping 1.5 percent on Monday. Two-thirds of the 15 most valuable shares on the exchange fell, with Gulf Bank dropping 3.7 percent. The market had risen sharply since the start of the year partly in anticipation of Monday night's briefing by government ministers on economic development plans. But the ministers announced very little in the way of new policy initiatives, efforts to accelerate economic development or policies to boost economic growth. "



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