Sunday 25 January 2015

UPDATE 1-MIDEAST STOCKS-UAE, Qatar edge up after ECB easing | Reuters

UPDATE 1-MIDEAST STOCKS-UAE, Qatar edge up after ECB easing | Reuters:



"Stock markets in the United Arab Emirates and Qatar edged up in early trade on Sunday after a new ruler assumed power smoothly in Saudi Arabia and the European Central Bank launched a bond-buying programme which boosted equities globally.



MSCI's emerging market index added 0.8 percent on Friday following the ECB announcement; Gulf stocks included in the benchmark were the main supports for their country indexes on Sunday.



Dubai's bourse rose 0.4 percent and shares in builder Arabtec Holding added 1.7 percent after the firm said it had won two contracts in Abu Dhabi worth 560 million dirhams ($152.5 million) combined."



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