Thursday 17 September 2015

MIDEAST STOCKS-Gulf markets mixed ahead of Fed rate decision | Reuters

MIDEAST STOCKS-Gulf markets mixed ahead of Fed rate decision | Reuters:



"Gulf stock markets were narrowly mixed in early trade on Thursday as investors tried to guess whether the U.S. Federal Reserve would raise interest rates later in the day.

Dubai's index, dominated by property companies which could benefit from a longer period of low rates, climbed 0.5 percent.

Developer DAMAC, the most traded stock, rose 0.3 percent and its larger competitor Emaar Properties climbed 0.5 percent."



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