MIDEAST STOCKS-Gulf mixed; Abu Dhabi's TAQA up on merger hope | Reuters:
"Gulf stock markets were mixed on Wednesday as retail investors bought shares on dips but concern about the Greek debt crisis and weak oil prices prevented any major gains. Abu Dhabi National Energy Co surged on merger hopes.
The Saudi Arabian index fell in early trade but closed 0.2 percent higher. Telecommunications operator Zain KSA added 5.3 percent, while Atheeb Telecom rose 1.7 percent in unusually heavy trade.
Zain has been strong since Sunday, when rival Etihad Etisalat (Mobily), whose shares remain suspended, said it had decided to increase provisions for "Zain account receivables" by 800 million riyals ($213 million)."
'via Blog this'
No comments:
Post a Comment