Friday 24 October 2014

MIDEAST STOCKS-Strong results, steady Europe buoy most markets | Reuters

MIDEAST STOCKS-Strong results, steady Europe buoy most markets | Reuters:



"Most stock markets in the Middle East continued rebounding on Thursday on the back of generally positive third-quarter corporate earnings and resilient European equities.



Bourses in the region continued to imitate global markets, falling in line with U.S. and Asian indexes in the morning but then recovering after European stocks and oil prices steadied.



Dubai's index rose 0.6 percent on the back of lenders Emirates NBD (ENBD) and Dubai Islamic Bank (DIB), both of which reported strong profit growth and beat analysts' estimates on Wednesday."



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