MIDEAST STOCKS-Oil price fall, renewed global woes weigh on Gulf stocks - Reuters:
All major Gulf markets dropped on Wednesday, mostly with financial sector shares taking a hit from falling oil prices and renewed weakness in global equity markets.
Oil prices fell nearly 2% on Wednesday, weighed down by weaker demand outlook and a rise in U.S. crude inventories despite growing expectations of ongoing OPEC-led supply cuts.
Saudi’s index was down 0.3% in early trading with Al Rajhi Bank dropping 0.8% and lender Samba Financial Group dipping 0.7%.
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