Gulf stocks hit hard

Gulf Arab stocks plunged on their first trading day since OPEC decided to maintain oil output in a move that sent crude prices crashing to five-year lows, analysts said.
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Kuwaiti traders follow the stock market activity at the Kuwait Stock Exchange (KSE) in Kuwait City on November 30, 2014. Gulf Arab stocks plunged on their first trading day since OPEC decided to maintain oil output in a move that sent crude prices crashing to five-year lows, analysts said. (AFP/Getty Images)
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Kuwaiti traders follow the stock market activity at the Kuwait Stock Exchange (KSE) in Kuwait City on November 30, 2014. Gulf Arab stocks plunged on their first trading day since OPEC decided to maintain oil output in a move that sent crude prices crashing to five-year lows, analysts said. (AFP/Getty Images)
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Saudi Oil Minister Ali al-Naimi speaks to journalists ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014. OPEC ministers are meeting in Vienna for a pivotal decision on whether to slash production, faced with a glut that has sent prices plunging by over 30 percent in five months. (AFP/Getty Images)
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OPEC Secretary General Abdalla Salem El-Badri (C) talks with journalist ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014. OPEC ministers are meeting in Vienna for a pivotal decision on whether to slash production, faced with a glut that has sent prices plunging by over 30 percent in five months. (AFP/Getty Images)
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Qatari Oil Minister Mohammed bin Saleh al-Sada arrives at the hotel on November 26, 2014 prior to the start of the 166th OPEC Meeting in Vienna, Austria. (AFP/Getty Images)
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United Arab Emirates Minister of Energy Suhail Mohamed Al Mazrouei arrives at the Hotel Bristol on November 25, 2014 prior to the start of the 166th OPEC Meeting in Vienna, Austria. (AFP/Getty Images)
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Iran's oil minister, Bijan Namdar Zanganeh speaks to journalists ahead of the166th ordinary meeting of the Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014. OPEC ministers are meeting in Vienna for a pivotal decision on whether to slash production, faced with a glut that has sent prices plunging by over 30 percent in five months. (AFP/Getty Images)
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OPEC Secretary General Abdalla Salem El-Badri attends at press conference after the166th Organization of the Petroleum Exporting Countries, OPEC, at their headquarters in Vienna, Austria on November 27, 2014. (AFP/Getty Images)
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