MIDEAST STOCKS-Most Gulf bourses retreat; Egypt's Palm Hills slides | Reuters:
"Most bourses in the Gulf edged lower on Tuesday after oil prices pulled back overnight, while Egypt's Palm Hills Development tumbled in response to a drop in its profits.
Brent oil futures were trading at $44.11 a barrel, near two-week lows, while MSCI's broadest index of Asia-Pacific shares outside Japan was near one-month lows.
Petrochemical shares were the main drag on Saudi Arabia's stock index, with bellwether Saudi Basic Industries dropping 0.9 percent. The index fell 0.7 percent."
'via Blog this'
No comments:
Post a Comment