Monday 21 March 2016

MIDEAST STOCKS-Gulf edges down in early trade, Qatar's GISS falls after fire | News by Country | Reuters

MIDEAST STOCKS-Gulf edges down in early trade, Qatar's GISS falls after fire | News by Country | Reuters:

"Gulf stock markets edged down in early trade on Monday because of softer oil and global equities prices, while Gulf International Services (GISS) led Qatar down after a fire at one of its onshore drilling rigs.

Dubai's index fell 0.5 percent in the first 45 minutes of trade as builder Arabtec pulled back 1.7 percent. The stock had surged 6.8 percent on Sunday, ahead of the announcement that it had won a 1.7 billion dirham ($463 million) contract from the United Arab Emirates government.

Abu Dhabi's index slid 0.3 percent as telecommunications company Etisalat fell by the same amount."



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