Wednesday, May 16, 2012
1018 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets end lower Wednesday amid rising concerns about the euro zone. Asian, European stocks and oil prices fell as worries over Greek political turmoil weighed. Global concerns remain an overhang, but fundamentals in the region are mostly strong and some analysts reckon only a dramatic fall in oil prices could completely derail the growth momentum seen earlier in the year. Dubai shares finish -1.4% at 1466.08; the market is still up some 8% for the year. Abu Dhabi's market is down 0.3% at 2467.21; Doha's benchmark index ends -0.3% at 8467.76 and Kuwait slips 0.1% at 6437.72. Saudi shares trade -0.9% at 7043.42. Nymex June crude futures last down $1.86 at $92.12/bbl.
(nikhil.lohade@dowjones.com)
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
16-05-12 1020GMT
