MIDEAST STOCKS-Most of Gulf drops, blue-chip sell off hurts Egypt - Reuters:
Most major gulf markets ended lower on
Wednesday, amid falling oil prices and lingering concerns over
the outcome of U.S.-China trade talks, while Egypt snapped a
nine-day winning streak.
Oil prices fell on Wednesday, pulled down by a
larger-than-expected build in U.S. crude stocks and weak euro
zone economic figures, after gaining for three sessions on
expectations of an easing in U.S.-China trade tensions.
Brent crude was down 43 cents, or 0.7%, at $62.53 a
barrel by 1010 GMT.
In Saudi Arabia, the benchmark index slipped 0.4%,
with Banque Saudi Fransi declining 3.2% and Saudi
British Bank (SABB) losing 2%.
On Sunday, the former had posted a nearly 7% fall in
third-quarter net profit, which it blamed on higher operating
expenses and impairment charges.
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