MIDEAST STOCKS-Gulf edges down on oil, Saudi concerns | Reuters:
"Gulf stock markets edged down in early trade on Wednesday because of weak oil prices and concern about the region's biggest market, Saudi Arabia, which sank 3 percent on Tuesday after the oil minister said domestic energy prices might be raised.
The Dubai index dropped 0.5 percent after 45 minutes of trade. Second-tier property stocks remained soft after Deyaar reported on Monday that third-quarter profit dropped; Deyaar shares slipped a further 1.3 percent and Union Properties lost 1.6 percent.
Abu Dhabi edged down 0.1 percent, although the 10 most heavily traded stocks moved little and were roughly evenly split between gainers and losers."
'via Blog this'
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