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Middle East Shares Slipped, In Line With Global Markets

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Last updated: 05/18/2017 11:17:23

11:17 AM EDT, 05/18/2017 (MT Newswires) -- MidEast stocks declined, in line with global market weakness.

U.S. markets fell sharply on Wednesday as President Donald Trump and ties to Russia come under further scrutiny.

Trump is expected to visit Saudi Arabia in coming days. Investors will look for any deals that could emerge in the mining, energy, auto and defense sectors.

In company news, Talaat Mostafa Group, which is currently part of the MSCI emerging market index, will be removed on June 1.

Saudi Arabia's main index dipped 0.1% to 6,938 points, Dubai fell 0.5% to 3,378 points, Abu Dhabi eased 0.3% to 4,581 points, Qatar shed 0.4% to 10,103 points, Egypt slumped 0.9% to 12,952 points, Kuwait slipped 0.1% to 6,726 points, Bahrain shed 0.1% to 1,309 points and Oman lost 0.2% to 5,415 points.

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