MidEast Stocks Mostly Ease on Possible Strike on Syria

By MidnightTrader.com Staff,

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MidEast stocks were mostly lower amid ongoing speculation that Western allies will have a military strike against Syria in coming days.

The U.S. and its allies are working on a military strike against Syria in response to an alleged chemical weapons attack near Damascus last week. President Barack Obama plans to release an intelligence assessment this week and U.K. Prime Minister David Cameron said Britain will put forward a draft resolution at the United Nations today authorizing action to protect civilians

Dubai's main index fell 1.3% to 2,516 points, Abu Dhabi shed 2.2% to 3,737 points, Kuwait lost 0.8% to 7,708 points, Saudi Arabia added 0.4% to 7,751 points, Qatar shed 2.3% to 9,548 points, Egypt lost 2.1% to 5,226 points, Oman slipped 3.0% to 6,641 points and Bahrain firmed 0.3% to 1,190 points

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
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