MIDEAST STOCKS-Gulf mkts may falter as oil slump persists; Egypt more upbeat

December 15, 2015 5:43 AM

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DUBAI Dec 15 Gulf markets face further declines on Tuesday as oil prices remain anchored near seven-year lows, while Egypt stocks may be supported by new monetary and fiscal policies targeting economic growth.

Brent oil was at $37.74 at 0440 GMT, the crude contract's fourth consecutive session of below $40, a price last traded in the 2008-2009 financial crisis.

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