MIDEAST STOCKS-Bahrain’s Ahli United jumps on merger news amid weak Gulf markets | Reuters:
Most Middle East stock markets shed value on Tuesday, hit by a drop in oil prices and reflecting a slump in global stocks.
Brent futures fell to a three-month low as Libyan ports reopened and Russia and other producers said they would increase output. The contracts were trading at $71.95 per barrel at 1207 GMT, after falling as low as $71.35 during the day.
Apart from exchanges in Bahrain and Qatar, all the Gulf markets closed in negative territory.
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