Sunday 13 March 2016

MIDEAST STOCKS-Dubai, Qatar rise; Abu Dhabi weighed down by blue chips | Reuters

MIDEAST STOCKS-Dubai, Qatar rise; Abu Dhabi weighed down by blue chips | Reuters:

"Stock markets in Dubai and Doha rose in early trade on Sunday, with most activity concentrated in volatile mid-cap stocks, while Abu Dhabi's index fell as investors booked profits.

Dubai's index jumped 1.4 percent in the first hour. GFH Financial Group, a mid-sized Islamic investment firm, was the most traded stock, rising 1.1 percent. Dubai Parks , the amusement park builder, surged 7.1 percent in unusually heavy trade.

"So far institutional investors have taken the back seat, carefully monitoring the swings in the smaller, more volatile stocks," said a Dubai-based trader."



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