Thursday 21 January 2016

MIDEAST STOCKS-Gulf trades narrowly as investors remain nervous | Reuters

MIDEAST STOCKS-Gulf trades narrowly as investors remain nervous | Reuters:

"Most Gulf bourses traded narrowly early on Thursday as investors lacked the optimism to buy back beaten-down stocks aggressively, despite attractive valuations after the bear trend of the past several weeks.

Dubai's index retreated in the opening minutes to test fresh multi-year lows, as Emirates NBD, the largest bank in the emirate, fell more than 2.0 percent in unusually heavy trade.

The index then briefly traded in positive territory and was down 0.1 percent after an hour."



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