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MIDEAST STOCKS-Oil prices, corporate earnings hurt Saudi, Qatar

Oct 29, 2020 - Nasdaq

By Oct 29 (Reuters) - Saudi Arabian shares ended lower on Thursday as investors shunned stocks across the board amid tumbling oil prices, while heavyweight Industries Qatar weighed on the benchmark.

Oil prices fell 4% to their lowest since mid-June, extending the previous day's sharp decline on the potential impact that renewed coronavirus lockdowns will have on oil demand. O/R

December Brent crude LCOc1 futures were down $1.90, or 4.9%, at $37.22 by 1236 GMT.

The kingdom's ben...