Sunday 25 October 2015

MIDEAST STOCKS-Dubai, Qatar climb; Gulf Navigation surges | Reuters

MIDEAST STOCKS-Dubai, Qatar climb; Gulf Navigation surges | Reuters:

"Stock markets in Dubai and Qatar rebounded in early trade on Sunday in response to strong global markets, though Abu Dhabi was dampened by weak earnings from Union National Bank.

The Dubai stock index added 1.2 percent as Gulf Navigation, the most heavily traded stock, gained 6.3 percent.

Integrated Capital, controlled by Abu Dhabi Financial Group, raised its stake in Gulf Navigation to 5.19 percent in mid-August and has since increased it further to 6.01 percent, exchange data shows."



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