Sunday 27 September 2015

MIDEAST STOCKS-UAE markets edge down in thin trade | Reuters

MIDEAST STOCKS-UAE markets edge down in thin trade | Reuters:

"United Arab Emirates stock
markets edged down in thin trade on Sunday as they reopened
after a break for Eid Al-Adha, with no major corporate news to
move shares and the global market environment slightly negative.

The Dubai stock index slipped 0.6 percent in its
lowest daily trading volume since April 2013, with many
investors still on holiday. Activity focused on
smaller-capitalised, low-priced stocks favoured by local retail
investors rather than institutions.

GFH Financial Group, the most heavily traded stock,
rose 0.6 percent, but builder Arabtec dropped 2.7
percent and Shuaa Capital lost 6.2 percent."



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