Google+ Followers

Tuesday, 22 September 2015

MIDEAST STOCKS-Gulf consolidates; ex-dividend stocks weigh on Dubai | Reuters

MIDEAST STOCKS-Gulf consolidates; ex-dividend stocks weigh on Dubai | Reuters:

"Most Gulf stock markets hardly
moved in thin trade on Tuesday ahead of the Eid al-Adha holiday
while ex-dividend stocks dragged down Dubai and Egypt rose on
foreign inflows.

Saudi Arabia's bourse was already closed for Eid, and most
other markets in the Middle East will follow suit from Wednesday
and reopen next week.

Dubai's index fell 0.8 percent as property
developer DAMAC and telecommunications operator du
fell 2.3 and 3.0 percent respectively as the period for
claiming the next dividend on the stocks ended."



'via Blog this'