BGR Asset Management LLP and Ali Khan

Ali Khan: The Tadawul All Share Index retreated as much as 6.3 percent, the most since March 2011, before settling 4.8 percent lower at the close in Riyadh. The measure for the Arab worlds biggest bourse has slipped 23 percent to 8,624.89 from a high on Sept. 9. Dubais DFM General Index fell 4.7 percent, the most since Oct. 16. Abu Dhabi s ADX General Index declined 2.6 percent, Omans MSM 30 Index lost 6.2 percent and Qatars QE Index fell 4.3 percent, according to Bloomberg. Investors dont like the potential macro backdrop if oil continues to slide, which is being reflected in the markets, Ali Khan , chief executive officer of London-based BGR Asset Management LLP, said by e-mail. Investors are afraid if oil stays where it is, it will negatively impact the government revenues, thus creating potential headwinds on government spending . Photographer: Gabriela Maj/ Saudi Arabian stocks plunged into a bear market after took no action to stem a slump in oil, triggering a rout in Middle Eastern equities. Oil tumbled to the lowest since May 2010 after the 12-nation Organization of Petroleum Exporting Countries maintained its collective production ceiling of 30 million barrels a day. Brent crude , the benchmark for more than half the worlds oil, lost 13 percent last week, the biggest weekly plunge since May 2011, to $70.15 a barrel. Saudi stocks are tumbling four months after the country announced plans to give foreigners access to the bourse for the first time. (news.financializer.com). As reported in the news.