File - Traders work at the Egyptian stock exchange in Cairo August 18, 2013. (REUTERS/Louafi Larbi)
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Middle Eastern stock markets slid Monday as a heightened threat of armed conflict between Ukraine and Russia triggered widespread selling, despite the benefit of higher oil prices to Gulf energy exporters.Cairo's benchmark index slid 2.7 percent, down for a second straight session from last week's 65-month high, trimming its 2014 gains to 15.9 percent. Saudi Arabia's bourse, where heavyweight petrochemical firms stand to benefit most from any surge in oil prices, slipped 0.8 percent. Dubai's index lost 1.9 percent, trimming its 2014 gains to 21.8 percent as it slumped to a two-week low.
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