MIDEAST STOCKS-Markets fall but Dubai, Egypt hold above chart support | Reuters

MIDEAST STOCKS-Markets fall but Dubai, Egypt hold above chart support | Reuters:



"Most Middle East stock markets
fell on Monday as oil prices remained weak, but some shares in
Dubai, Saudi Arabia and Egypt rebounded after particularly steep
drops in the previous session.



Saudi Arabia's main index edged down 0.3 percent to
8,437 points but closed well off its intra-day low of 8,381
points.



Oil shipper Bahri was one of main supports,
jumping 2.5 percent. The stock had tumbled 8.3 percent in the
previous session after tanker freight rates from the Gulf to
Japan dropped to their lowest in more than 10 months."



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