Wednesday 16 September 2015

MIDEAST STOCKS-Oil lifts Gulf; bargain-hunting buoys Egypt | Reuters

MIDEAST STOCKS-Oil lifts Gulf; bargain-hunting buoys Egypt | Reuters:



"Most Gulf stock markets rose on
Wednesday, moving in line with oil prices and global equities.
Egypt's bourse extended its rally as investors bought
beaten-down stocks, hoping that the market had bottomed out.



Dubai's index climbed 1.8 percent and property
developer DAMAC was the most traded stock, jumping
2.0 percent after its shareholders approved the firm's first
cash dividend since it listed in Dubai in January.



DAMAC will pay investors 0.1 dirham per share in cash and
make a 10 percent bonus share issue."



'via Blog this'

No comments:

Post a Comment