Monday 23 September 2013

MIDEAST STOCKS-Retail investors boost Gulf; Egypt up after Brotherhood ban | Reuters

MIDEAST STOCKS-Retail investors boost Gulf; Egypt up after Brotherhood ban | Reuters:

"Active trading by retail investors boosted Gulf stock markets on Monday while Egypt rose after a court banned the Muslim Brotherhood from carrying out any activities in the country.

Saudi Arabia was closed for a national holiday but across much of the Gulf, individual investors speculated actively ahead of third-quarter earnings announcements expected next month.

"Retail investors are very active in the market, targeting the penny stocks and the highly liquid names," Sebastien Henin, portfolio manager at The National Investor, said of Dubai."

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