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Middle East Stocks Mostly Drop On Lower Oil Prices


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Middle East shares mostly declined, weighed by lower oil prices .

In company news, Al Yamamah Steel Industries Company reported a Q1 net loss of 30.2 million riyals compared with a profit of 6.7 million riyals a year ago.

Waha Capital fell to a five-year low, continuing its decline that started after the company reported on Thursday a plunge in its full-year net profit and slashing its dividend by half.

Saudi Arabia's main index dropped 0.4% to 8,543 points, Dubai slumped 1.3% to 2,496 points, Qatar fell 1.3% to 10,302 points, Abu Dhabi declined 0.7% to 5,047 points, Egypt firmed 0.1% at 14,785 points, Kuwait added 0.3% to 5,457 points, Oman eased 0.4% to points and Bahrain shed 0.8% to 1,399 points

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This article appears in: Investing , Stocks



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