MIDEAST STOCKS-Gulf mostly declines, Dubai up before Expo decision | Reuters:
"* Oil's dip used as cue to take profits in Gulf
* But last-minute bets placed on successful Expo bid by Dubai
* Arabtec up 2.0 pct on acquisition
* Abu Dhabi's Sudatel slips back after three-day leap
* Egypt down 1.8 pct on aggressive profit-taking
By Olzhas Auyezov
DUBAI, Nov 26 (Reuters) - Most Gulf bourses declined on Tuesday in a wave of profit-taking triggered partly by oil's temporary weakness in the aftermath of the world powers' nuclear deal with Iran.
Oil prices have since recovered as it became clear that Iranian oil exports would not rise significantly in coming months, if at all. But Gulf stock markets have nevertheless taken the Iranian deal as a cue for profit-taking.
The main stock index in Saudi Arabia, the world's biggest oil exporter, shed 0.6 percent on Tuesday and Qatar was down 0.7 percent."
'via Blog this'
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