MIDEAST STOCKS-Gulf falls but outperforms Asian emerging markets

MIDEAST STOCKS-Gulf falls but outperforms Asian emerging markets:

"Gulf stock markets fell in early trade on Tuesday because of the global downturn in equities, but the region outperformed emerging markets in Asia, where MSCI’s broadest index of Asia-Pacific shares ex-Japan was down 3.7 percent. Because of low oil prices and poor liquidity, the Gulf greatly underperformed the uptrend in global emerging markets last year, and fund managers say it may have less distance to fall on the way down. The Saudi stock index fell 1.7 percent in the first 45 minutes with the biggest bank, National Commercial Bank , losing only 0.5 percent."



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