MIDEAST STOCKS-Weak oil, global equities hit Gulf; Saudi, Qatar drop most | Reuters:
"Weak oil prices and global equity
prices hit Gulf stock markets on Tuesday, with Saudi Arabia and
Qatar dropping the most as they reopened after a long Eid
al-Adha break.
The Saudi stock index closed 1.4 percent lower.
Brent crude had dropped about 3 percent to below $48 a
barrel since the Saudi bourse last traded on Sept. 21; this
weighed on Saudi petrochemical shares, with Saudi Basic
Industries down 0.6 percent and Saudi Industrial
Investment Group losing 4.3 percent.
Miner Ma'aden slipped 0.7 percent amid a global
sell-off in commodity-related shares because of concern about
flagging economic growth in Asia."
'via Blog this'
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