Friday 27 February 2015

MIDEAST STOCKS-Gulf markets slip, Egypt falls on Q4 results, politics | Reuters

MIDEAST STOCKS-Gulf markets slip, Egypt falls on Q4 results, politics | Reuters:



"Most major Gulf stock markets slipped on Thursday despite stronger oil prices, as low trading volumes indicated retail investors remained cautious.



Brent crude surged 5 percent on Wednesday, after Saudi Arabia's oil minister said oil demand was growing and data showed Chinese factories were producing more than expected.



That was positive news for the Saudi stock market, but its main index inched down 0.1 percent as trading volume remained modest and shares of telecommunications operator Mobily remained suspended following another shock revision of its 2014 earnings on Wednesday."



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