MIDEAST STOCKS-Weaker oil, Saudi attack may pressure Gulf equities

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Gulf stock markets may come under pressure on Sunday after oil prices fell and Islamic State militants carried out their first attack in Saudi Arabia. Global equity markets dipped but remained near record highs on Friday after Federal Reserve Chair Janet Yellen said she expected United States interest rates to rise this year. Although a Fed interest rate increase could boost the margins of some Gulf banks which have zero-interest deposits, equities in general usually suffer from rate hikes.

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