Sunday 29 November 2015

MIDEAST STOCKS-Gulf markets move little though Dana soars on Kurdistan news | Reuters

MIDEAST STOCKS-Gulf markets move little though Dana soars on Kurdistan news | Reuters:

"Gulf bourses moved little in sluggish trade early on Sunday, weighed down by a lack of positive economic and corporate news, though Abu Dhabi's Dana Gas soared after saying it won a major court judgement in its dispute with Iraqi Kurdistan.

Dana jumped its 15 percent daily limit after saying a tribunal of the London Court of International Arbitration had directed the Kurdish regional government to pay $1.98 billion to a consortium including Dana within 28 days. There was no immediate comment from the Kurdish government.

Elsewhere, there was little incentive to buy stocks; Brent oil slipped back below $45 a barrel at the end of last week while global equity markets were soft."



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