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Mideast stocks sink with oil as Saudis pin crude halt on others

BLOOMBERG Saudi Arabian stocks declined to a five-week low, leading losses across most Middle Eastern equities, after the deputy crown prince triggered a slump in crude prices by placing the onus of reducing oil output on other countries. The Tadawul All Share Index decreased 1.6 percent to close at 6,126.12, nearing the 50-day moving average it’s traded above for more ...

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Emirates Securities Market down by -0.96

ABU DHABI / EMIRATES BUSINESS The Emirates Securities Market Index has decreased by -0.96% to close at 4459.88 points. Accordingly the Market Capitalization has lost AED 7.02 billion attaining AED 723.45 billion. A total of 421.12 Million Shares were traded with a total value of AED 376.46 million during the trading session of 03-04-2016 through 4439 transactions. The number of companies which ...

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Central banks’ arsenals in spotlight

Madrid / Reuters At the end of a tough quarter, the fraught debate over how policymakers should tackle the world’s economic woes gets another airing in the coming week as central banks on both sides of the Atlantic publish minutes. Solid growth in US employment and an unexpected manufacturing uptick in China in March will have provided some comfort, but ...

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