MIDEAST STOCKS-Gulf markets slip with oil although TAQA surges in Abu Dhabi | Reuters:
"Gulf stock markets slipped in early trade on Wednesday along with a pull-back in oil prices, although Abu Dhabi National Energy Co surged on expectations for a merger that might end the stock's long slide.
Brent crude fell more than 1 percent to around $62.60 a barrel on Wednesday morning after Greece defaulted on its debt and data showed both U.S. and OPEC oil production had hit new records.
This prompted bargain-hunters, who had bought Gulf markets on dips on Tuesday, to step back. Dubai's index dropped 0.8 percent as Emaar Properties, the biggest listed property company, lost 1.4 percent."
'via Blog this'
No comments:
Post a Comment