Sunday, 15 November 2015

MIDEAST STOCKS-Weak oil, Paris attacks hit Gulf bourses | Reuters

MIDEAST STOCKS-Weak oil, Paris attacks hit Gulf bourses | Reuters:

"Weak oil prices and the attacks by gunmen and suicide bombers across Paris dragged down Gulf stock markets early on Sunday, with Dubai's index dropping below technical support.

Oil prices suffered their biggest weekly loss in eight months last week, while analysts forecast major international bourses would suffer a brief sell-off when trading resumed on Monday.

Dubai's stock index sank 2.9 percent in the first hour of trade to 3,171 points, falling below chart support on its August low of 3,241 points. Its next support is at the December 2014 low of 2,993 points."



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