Thursday 3 October 2013

MIDEAST STOCKS-Gulf mkts mostly lower on caution ahead of holidays; Egypt up | Reuters

MIDEAST STOCKS-Gulf mkts mostly lower on caution ahead of holidays; Egypt up | Reuters:

"Most Gulf bourses retreated on Thursday in cautious investor sentiment ahead of an extended public holiday in mid-October, while strong retail activity lifted Egypt's bourse.

Kuwait's index led Gulf declines, losing 1.2 percent to 7,647 points, slumping to its lowest level since Sept. 12.

Bluechips faltered from their recent strong footing - the sub-index Kuwait 15 dropped 0.6 percent. Bourse trading volumes however fell to a one-month low.

Gulf markets will close during the week of Oct. 13 for Eid al-Adha, the Muslim holiday marking the end of the Hajj, the holy pilgrimage to Mecca."

'via Blog this'

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