Thursday 5 November 2015

MIDEAST STOCKS-Gulf consolidates in thin trade | Reuters

MIDEAST STOCKS-Gulf consolidates in thin trade | Reuters:

"Gulf stock markets consolidated in thin trade early on Thursday as weak oil prices and soft global equities kept many investors on the defensive.

Dubai's index was almost flat as Union Properties sank 1.7 percent, though several other real estate developers were firm.

Abu Dhabi edged down 0.2 percent as Etisalat dropped 0.7 percent. The stock rose in the past couple of months on speculation that MSCI could add Etisalat to its emerging market index at a semiannual review on Nov. 11, after the company said foreigners would be allowed to buy up to 20 percent of its shares."



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