Google+ Followers

Sunday, 12 April 2015

MIDEAST STOCKS-Most Gulf markets narrowly mixed but Dubai rises | Reuters

MIDEAST STOCKS-Most Gulf markets narrowly mixed but Dubai rises | Reuters:



"Most Gulf stock markets were narrowly mixed on Sunday, influenced by a mixed set of earnings and corporate news, though Dubai rose on the back of real estate-related stocks.



Brent crude oil rose 2.3 percent on Friday and posted a 5.3 percent weekly gain on lowered expectations that an agreement on Iran's nuclear programme would result in a rapid return of more Iranian oil to the market. Meanwhile, world equity markets tested record highs on hopes for more stimulus from top central banks. 




This background helped Saudi Arabia's market rise on Sunday, though the main index gave up most of its early gains and ended up just 0.1 percent."



'via Blog this'