MIDEAST STOCKS-Bourses fall as China pressures oil and equities | Reuters:
"Middle East stock markets fell on
Wednesday in line with global equities that, along with
commodity prices, came under pressure from the continuing
devaluation of the Chinese yuan.
Even oil's midday rebound failed to stop the sell-off and
Egypt, which unlike Gulf states also faces pressure on its
currency, was hit the most.
The Cairo index dropped 2.1 percent, with most
stocks in the red. Non-Arab institutional investors were the
main net sellers, according to bourse data."
'via Blog this'
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