Wednesday, 31 December 2014

UPDATE 2-MIDEAST STOCKS-Gulf markets mixed in thin trade; Kuwait's Boubyan rises | Reuters

UPDATE 2-MIDEAST STOCKS-Gulf markets mixed in thin trade; Kuwait's Boubyan rises | Reuters:



"Gulf stock markets were mixed in low-volume trade around midday on Wednesday after tumbling in the previous session when oil prices hit fresh 5-1/2-year lows. 




Brent crude was just above $57 per barrel as Gulf bourses opened, roughly the same level that prevailed during Gulf trading hours on Tuesday.



Saudi Arabia's index fell 1.7 percent, dragged down by heavyweight banks and petrochemicals. National Commercial Bank , the kingdom's biggest lender, fell 0.9 percent and Saudi Basic Industries lost 1.5 percent."



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