MIDEAST STOCKS-Gulf trades narrowly as investors remain uneasy | Reuters:
"Most Gulf bourses traded narrowly on Monday, with investors torn between betting on further gains following a sharp rebound a day earlier or booking some quick profits and this lack of conviction indicates the bear trend could persist.
Markets have tumbled to such an extent this year that many stocks are considered cheap by traders and fund managers, even after Sunday's rally.
"Sunday's sugar rush is winding down," said a Dubai-based trader. "Daily traders turned a quick profit and cashed out and so the markets may continue to see-saw."
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