Thursday 2 July 2015

MIDEAST STOCKS-Gulf retail investors help support stock markets | Reuters

MIDEAST STOCKS-Gulf retail investors help support stock markets | Reuters:



"Gulf stock markets were narrowly mixed in quiet trade early on Thursday as the Greek debt crisis and soft oil prices weighed on equities, but bargain-hunting by local retail investors on dips prevented any major losses.



Dubai's stock index dipped 0.5 percent as Amlak Finance, again the most heavily traded share, slipped 1.8 percent.



However, construction firm Drake & Scull rose 3.5 percent in unusually heavy trade after saying it had raised its limit for ownership by Gulf Cooperation Council nationals to 100 percent from 49 percent. GCC nationals currently own 57 percent."



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