MIDEAST STOCKS-Gulf soft as oil slips; poor results weigh on Saudi | Reuters:
"Most Gulf equity markets pulled back on Monday as oil prices slipped again and negative fourth-quarter earnings weighed on Saudi Arabia's bourse.
Brent crude fell back below $50 a barrel on concern that the global economic outlook was darkening and after Iraq announced record oil production.
Saudi Arabia's main index slid 0.6 percent as petrochemicals giant Saudi Basic Industries fell 1.9 percent and Savola Group, the kingdom's biggest food maker, dropped 2.3 percent."
'via Blog this'
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