Monday 2 March 2015

MIDEAST STOCKS-Background mixed for Gulf, ex-dividends may weigh on Qatar | News by Country | Reuters

MIDEAST STOCKS-Background mixed for Gulf, ex-dividends may weigh on Qatar | News by Country | Reuters:



"Most Gulf stock markets appear to lack the strong catalysts needed to break out of the narrow ranges in which they have traded for the past two weeks, while stocks going ex-dividend on Monday may weigh on Qatar's bourse.



Dubai's index has moved between 3,804 and 3,886 points for the last nine sessions. It fell 1.0 percent to 3,827 points on Sunday after failing to break through the ceiling of that range.



Most major companies listed in the emirate have already reported their fourth-quarter earnings, with the exception of builder Arabtec."



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