Market WrapFeb 11, 2015Markets & Economy
Maryam Behmard on Middle East Wrap: Losses Extend
Oil below $56 drags Gulf markets lower - Saudi banks slide while Oman bucks the trend on merger news.
In this segment
- Saudi Arabia falls 1.8%; SABIC drops 1.9% and National Commercial Bank 4.4%.
- Dubai property names Emaar and Arabtec under pressure; DAMAC bucks the trend.
- Bank Nizwa surges its 10% daily limit on a merger proposal with United Finance.
- Egypt slips 1.3% on Commercial International Bank weakness.