MIDEAST STOCKS-Gulf markets pull back after oil slides | Reuters:
"Stock markets in the Gulf pulled back in early trade on Sunday as investors reacted to a 4 percent tumble by oil prices at the end of last week by selling shares which had rebounded strongly in the first quarter.
Saudi Arabia will agree to freeze crude oil production levels only if Iran and other major producers do so, the kingdom's deputy crown prince said in an interview with Bloomberg. Brent crude settled at $38.67 a barrel on Friday; it fell 3 percent for the week but finished the first quarter up 6 percent.
Dubai's index fell 1.2 percent in the first 50 minutes of trade on Sunday. Arabtec and property developer Union Properties were down 1.2 percent and 0.5 percent respectively."
'via Blog this'
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