MIDEAST STOCKS-Markets slump on weak oil, global equities; Egypt's CIB plunges | Reuters:
"Several major stock markets in the Middle East dropped over 2 percent on Thursday as protracted weakness in oil prices and the gloom in equity markets globally prompted investors to dump shares.
Egypt's main index tumbled 4.1 percent in its biggest drop since Jan. 20, bringing its losses this year to 17.0 percent.
Commercial International Bank Egypt slumped 7.1 percent to 31.25 Egyptian pounds. Egypt's largest listed lender by market value posted fourth-quarter net profit of 1.15 billion pounds ($147 million), up 11 percent, but cut its planned dividend payment, saying it wanted to boost its capital adequacy ratio."
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