MARKET TALK: Most Gulf Mkts Trade Lower; Greece Concerns Weigh

Wednesday, May 23, 2012

0748 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets trade lower Wednesday; tracking weak global equity sentiment amid fresh concerns about the euro zone--after a former Greek prime minister said preparations for an exit from the bloc are being considered. Focus now on EU summit where leaders are expected to discuss ways to promote growth and keep Greece in the bloc. How the markets trade will no doubt depend on the headlines coming out of Europe, says one analyst. Dubai shares trade -1% at 1481.85; Kuwait's market is down 0.8% at 6331.96; Doha's benchmark index slips 0.6% to 8449.40; while Abu Dhabi rises 0.2% to 2476.42. Nymex July crude futures last down $0.57 at $91.28/bbl. (nikhil.lohade@dowjones.com)

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23-05-12 0759GMT