MIDEAST STOCKS-Blue-chip sell-off dents Egypt, most major Gulf markets fall - Reuters

MIDEAST STOCKS-Blue-chip sell-off dents Egypt, most major Gulf markets fall - Reuters:

The Egyptian blue-chip index fell sharply
on Thursday, pressured by banks amid weak global sentiment,
while most major Gulf markets ended lower on falling oil prices.

The benchmark oil price slipped further below $58 a barrel
on Thursday on concerns about global economic growth, oil demand
and signs of excess supply despite OPEC-led cuts.

Egypt's blue-chip index declined 1.1% with the
country's largest lender Commercial International Bank
dipping 0.4%, while EFG Hermes was down 2.6%.

Activity in Egypt's non-oil private sector rose fractionally
in September but remained in contraction territory for the
second consecutive month, a survey showed on Thursday.