MIDEAST STOCKS-Saudi declines on oil, Dubai stalls near 15-month high

* Saudi petrochemicals, banks retreat * Yansab flat after strong Q4 net profit * Dubai down but stays near 15-month high * UAE insurance shares volatile * Egypt at fresh record high as foreign funds buy By Celine Aswad DUBAI, Jan 11 (Reuters) – Saudi Arabia’s stock market declined for a fourth straight day on Wednesday after oil prices fell further, but other Gulf bourses largely moved sideways and Dubai held near a 15-month high. The Saudi index pulled back 1.6 percent to 6,895 points, falling below technical support at the mid-December low of 7,002 points. …

Related Blogs

    Share this:
    Share this page via Email Share this page via Stumble Upon Share this page via Digg this Share this page via Facebook Share this page via Twitter

    Speak Your Mind

    *