MIDEAST STOCKS-Saudi fluctuates in thin trade; Egypt continues to rise | News by Country | Reuters:
"Saudi Arabia's stock market moved narrowly in thin trade on Monday after oil fell to new multi-year lows and as investors awaited the kingdom's state budget announcement. Egypt headed for a sixth straight session of gains.
Brent crude stumbled to a fresh low of $36.16 a barrel in Asian trade, a level last traded 11 years ago, as production around the world remained at or near record highs while a strong dollar following last week's U.S. rate hike weighed on demand.
The Saudi stock index initially inched up 0.1 percent before slipping back 0.3 percent in its lowest turnover since Dec. 1."
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