MIDEAST STOCKS-Bourses falls but blue chips rebound lifts Abu Dhabi | Reuters:
"Most stock markets in the Middle East followed global bourses lower on Wednesday because of weak oil prices and concern about lacklustre global growth, but rebounding blue chips lifted Abu Dhabi.
In Saudi Arabia, the main index fell 0.8 percent in a broad-based decline. Many stocks exposed to consumer demand were weak, with retailer Fawaz Alhokair sliding 1.3 percent, but low-cost supermarket chain Alothaim - which could attract more customers during an economic slowdown - rose 2.4 percent.
Dubai's stock market fell 0.5 percent to 3,308 point but closed 52 points off its intra-day low. It has lost 7.7 percent from a five-month peak hit on April 24."
'via Blog this'
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