Tuesday 28 July 2015

MIDEAST STOCKS-Most Gulf markets fall as oil drops further | Reuters

MIDEAST STOCKS-Most Gulf markets fall as oil drops further | Reuters: "Most



Middle East stock markets fell on Tuesday as oil prices dipped to their lowest point since February, but Saudi Arabia and Egypt stabilised and edged up after leading losses in the previous session.



Brent crude was down 0.9 percent by the time all markets in the region closed, as a rout in the Chinese stock market cast further doubt over the outlook for crude demand in the world's top commodities consumer.



But the main Saudi stock index inched up 0.1 percent, after dropping 2.4 percent in the previous session in response to oil's weakness."



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