MIDEAST STOCKS-Gulf markets dip, tracking oil; Egypt extends gains | Reuters:
"Most Gulf stock markets slipped on Sunday after oil prices fell, while Egyptian equities extended gains following the delay of an unpopular capital gains tax.
Brent oil fell $1.17, or 1.8 percent, to $65.37 a barrel on Friday, declining 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day rally.
Petrochemicals giant Saudi Basic Industries, whose profits are sensitive to oil prices, dropped 2.5 percent and was the main drag on Saudi Arabia's index which lost 0.4 percent."
'via Blog this'
No comments:
Post a Comment