MIDEAST STOCKS-Saudi stabilises but Gulf mostly weak | Reuters:
"Gulf stock markets mostly fell on
Wednesday amid concern over weak oil prices, but Saudi Arabia
regained some stability after a plunge on the previous day
caused by fears that the government would tighten fiscal policy
considerably.
The Saudi index had sunk 3.0 percent on Tuesday
after the oil minister confirmed the government was considering
whether to raise domestic energy prices - one of several steps
that it may take next year to reduce a huge budget deficit
caused by low oil prices.
On Wednesday, the index slipped as low as 6,991 points
during the day but closed up 0.3 percent at 7,118 points. It has
technical support at its August low of 6,921 points."
'via Blog this'
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