MIDEAST STOCKS-Oil prices fall weigh on most Gulf markets, Kuwait extends rally - Reuters:
Most major gulf markets declined on Thursday amid sliding oil prices, while Kuwait continued its run of gains for the sixth straight session following MSCI’s decision to upgrade Kuwaiti equities to its main emerging markets index.
Oil prices fell on Thursday, weighed down by data showing a smaller-than-expected decline in U.S. crude stockpiles and worries about the global economy.
The Saudi index edged down 0.1% pressured by petrochemical and financial stocks. Saudi Basic Industries shed 0.4%, while National Commercial Bank was also down 0.4%.
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