File - Stock exchange information screens are seen on the trading floor at the Dubai Financial Market in this April 29, 2012.REUTERS/Jumana El Heloueh
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The MSCI World Index slid for a fifth day to the lowest level since October 2014 .The gauge sank to the lowest level in two years as its 10-day volatility jumped to the highest since December.All but 14 stocks out of the Tadawul's 171-member index fell, dragging the gauge's 14-day relative strength index to 9.7, the lowest in more than two decades. Middle Eastern stocks had their worst day of the year Sunday after Saudi Arabia's index of equities sank more than 20 percent from a peak in April. Moody's Investors Service estimates the nation's debt-to-gross domestic product may climb to 6.4 percent this year if the government raises 115 billion riyals ($31 billion) by the end of 2015 .In Dubai, stocks declined 1.4 percent to 3,401.62 after plunging as much as 6.1 percent. Israeli government bonds due August 2025 rose for a fourth day as the yield lost four basis points to 2.08 percent, the lowest in almost three months.
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