MIDEAST STOCKS-Egypt extends slump as Iraq worries weigh; Gulf stabilises | Reuters:
"GULF
Meanwhile, Gulf markets were mixed following a widespread sell-off earlier this week that was partly due to unease over Iraq, even though the region's oil-exporting economies are unlikely to be hurt and could even benefit from higher crude prices.
In Dubai, the benchmark rose 0.6 percent to 4,495 points in another volatile session. The measure eased away from Monday's 11-week low to stand up 33 percent in 2014, as investors switched between booking gains from a near two-year rally and buying back stocks at lower prices.
"Dubai triggered a downtrend on a technical basis, which would indicate there's probably more downside to come after breaking below the lows of about a month ago," said Bruce Powers, technical strategist and president at WideVision in Dubai."
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