Middle East Shares Mixed, Pressured by Lower Oil and Global Stocks
MidEast stocks were mixed, weighed by lower oil prices and world markets as well as concerns over global growth prospects.
In company news, Abu Dhabi National Energy Co said it was not in talks with any entity to sell its oil and gas assets. Reuters reported on Sunday that TAQA was considering whether to sell those assets to another Abu Dhabi state-owned entity. According to its 2015 annual report, it has an agreement with a "related party" under which it could do so, the story said.
Saudi Arabia's main index slipped 0.8% to 6,587 points, Dubai eased 0.5% to 3,308 points, Abu Dhabi advanced 1.1% to 4,429 points, Qatar declined 0.9% to 9,855 points, Egypt shed 1.2% to 7,442 points, Kuwait inched down 0.04% to 5,373 points, Oman dipped 0.1% to 5,980 points and Bahrain added 0.3% to 1,112 points.
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