MIDEAST STOCKS-Shares retreat as investors cut back exposure to oil-linked markets | Reuters:
"Gulf bourses fell on Sunday as the crude price slumped to near 11-year lows and investors scurried to cut back their exposure to oil dependents markets.
Brent crude posted its biggest weekly percentage drop in over a year on Friday to settle at $37.93 after the International Energy Agency (IEA) warned global oversupply of crude could worsen next year.
Saudi's benchmark index plunged 2.7 to 6,764 points. It is down 32 percent from a 2015 peak of 9,897 on April 30."
'via Blog this'
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