Tuesday, 20 January 2015

UPDATE 1-MIDEAST STOCKS-Gulf markets pull back as oil weakens | Reuters

UPDATE 1-MIDEAST STOCKS-Gulf markets pull back as oil weakens | Reuters:



"Gulf stock markets pulled back in thin early trade on Tuesday in the absence of fresh catalysts and after oil extended its losses.



Oil dipped on Tuesday as China's economic growth for 2014 undershot a government target and Brent crude traded below $49 per barrel.



Dubai's index slipped 0.3 percent as most stocks declined. However, low-cast carrier Air Arabia, which stands to benefit from cheaper oil, gained 1.2 percent."



'via Blog this'

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