Most Mideast Stocks Drop as Trading Volumes Slump With Oil - Bloomberg Business:
"Most Middle Eastern stocks fell amid a decline in trading across the region as investors weighed the impact of plummeting oil prices.
The Tadawul All Share Index, the region’s biggest gauge, dropped 0.3 percent as of 12:25 p.m. in Riyadh as 92 million shares were exchanged, about 10 percent less than the 30-day average. Qatari stocks fell 1.5 percent on about 60 percent of the QE Index’s average volume. Trading in Muscat, Abu Dhabi and Dubai also slid.
“Investors are waiting till the end of the first quarter to see the impact of low oil prices and government cutting spending on corporate profits,” said Nabil Farhat, an Abu Dhabi-based partner at Al Fajr Securities."
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