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5/23/24, 1:24 PM Most major Gulf bourses drop, Abu Dhabi hits two-year low | Reuters
Most major Gulf bourses drop, Abu Dhabi hits two-year
low
By Md Manzer Hussain
May 22, 20245:47 PM GMT+4Updated 20 hours ago
Bahraini traders are pictured in Bahrain Bourse in Manama, Bahrain, November 5, 2020. REUTERS/Hamad I Mohammed/Files Purchase Licensing Rights
May 22 (Reuters) - Most major stock markets in the Gulf slipped on Wednesday amid falling oil prices, with
investors awaiting minutes of the U.S. Federal Reserve's latest policy meeting for clues on the timing of a rate
cut.
Oil prices, a catalyst for the Gulf's financial markets, dropped for a third straight session, with Brent down 1%
at $82.07 a barrel by 1310 GMT.
https://www.reuters.com/world/middle-east/most-major-gulf-bourses-drop-abu-dhabi-hits-two-year-low-2024-05-22/ 1/20
