Sunday, 17 May 2015

MIDEAST STOCKS-Gulf mixed, Egypt falls further on MSCI index fears | Reuters

MIDEAST STOCKS-Gulf mixed, Egypt falls further on MSCI index fears | Reuters:



"Gulf stock markets were mixed on Sunday after oil prices diverged while it remained unclear whether the truce in Yemen would be extended. Egypt's market extended losses on speculation that it might eventually lose emerging market status.



Brent crude edged up on Friday but U.S. oil fell as traders and investors debated whether oil's rally over the past month and a half should continue amid stubbornly high supplies.



In Yemen, a five-day humanitarian truce agreed last week was to end in the early hours of Monday, and no new agreements had been announced to extend it by the time stock markets closed on Sunday."



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