Middle East Shares Mostly Dip As Oil Declines on Production Comments
Middle East shares mostly eased as oil prices dropped after the White House said the leader of Saudi Arabia promised President Donald Trump he could raise oil production, if needed.
Dubai also saw selling amid concerns over exposure of Dubai-listed companies to troubled private equity firm Abraaj which this month filed for provisional liquidation.
Saudi Arabia's main index dipped 0.8% to 8,275 points, Dubai slumped 1.2% to 2,829 points, Abu Dhabi
dropped 1% to 4,577 points, Qatar firmed 0.3% to 9,142 points, Kuwait edged up 0.2% to 4,926 points, Bahrain slipped 0.3% to 1,310 points, Oman eased 0.1% to 4,556 points and Egypt was flat at 16,362 points.
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