UPDATE 1-MIDEAST STOCKS-UAE pulls back after oil price tumble, QNB buoys Qatar

April 9, 2015 7:30 AM

68 0

DUBAI, April 9 (Reuters) - United Arab Emirates stock markets pulled back on Thursday after a sharp fall in oil prices, but strong earnings from Qatar National Bank buoyed the Qatari bourse.

Brent crude plunged 6 percent on Wednesday because of a shock jump in U.S. crude inventories and news of record Saudi output. It rebounded over 1 percent to $56.41 a barrel in Asia on Thursday morning.

Also read: U.S. state, local tax revenue up 5.8 percent in first quarter: Census

Read more

To category page