MIDEAST STOCKS-Gulf pulls back on weaker oil, U.S. rate outlook | Reuters:
"Gulf stock markets lost ground in early trade on Thursday after oil prices retreated and Asian stocks fell on speculation the United States would raise interest rates as early as June.
The Saudi index dropped 0.4 percent in a broad-based decline during the first hour> Losers outnumbered gainers 119 to 28.
Miner Ma'aden, which has been surging for several weeks on hopes it will benefit from an emphasis on developing the mining industry in Saudi Arabia's economic reform plan, dropped 2.4 percent.
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'via Blog this'
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