Tuesday 11 August 2015

MIDEAST STOCKS-Gulf markets edge up after oil jumps | Reuters

MIDEAST STOCKS-Gulf markets edge up after oil jumps | Reuters:



"Most Gulf stock markets edged up in early trade on Tuesday after oil prices jumped about 4 percent late in the previous session.



Despite a pull-back early on Tuesday, crude still traded well above the levels seen when Gulf markets closed on Monday.



Dubai's index rose 0.6 percent with most stocks positive. Gulf Navigation jumped 4.4 percent and was the top gainer. The firm this week reported a 172 percent increase in profit for the first half of 2015 and a settlement deal with one of its major creditors."



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