Wednesday 11 September 2013

MIDEAST STOCKS-Mkts mixed; caution on Syria triggers profit-taking | Reuters

MIDEAST STOCKS-Mkts mixed; caution on Syria triggers profit-taking | Reuters:

"Middle East were mixed on Wednesday as some investors opted to lock in gains from the previous day's surge due to uncertainty over what action the United States might take against Syria.

U.S. President Barack Obama vowed on Tuesday to explore an initiative from Russia to neutralise Syria's chemical weapons, but he voiced scepticism and still sought support for his threat to use force should diplomacy fail.

The reprieve, even for a short while, has bolstered investor sentiment, although trading will remain volatile until there is more clarity on whether Washington will attack Syria."

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