Tuesday 18 August 2015

MIDEAST STOCKS-Dubai extends rebound; other Gulf markets flat - Yahoo Maktoob News

MIDEAST STOCKS-Dubai extends rebound; other Gulf markets flat - Yahoo Maktoob News:



"Most Gulf stock markets were little changed in early trade on Tuesday as oil prices slipped further, though Dubai's bourse edged up, extending gains after it bounced off technical support in the previous session.



The Dubai index edged up 0.4 percent to 3,944 points with most stocks positive. The benchmark had turned around on Monday after hitting an intra-day low of 3,911 points, close to chart support at its May low of 3,913 points.



Builder Arabtec was the most traded stock and rose 1.4 percent, recovering further from a sharp drop earlier this week when the firm posted its third quarterly loss in a row."



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