Wednesday 23 March 2016

MIDEAST STOCKS-Gulf edges down in narrow trade | Reuters

MIDEAST STOCKS-Gulf edges down in narrow trade | Reuters:

"Gulf stock markets edged down in narrow trade early on Wednesday with few new incentives to buy shares, although buying interest on dips suggested an extended pull-back was not beginning.

Dubai's benchmark index fell 1.0 percent in the first 75 minutes amid profit-taking in real estate stocks, with Emaar Properties down 1.5 percent.

But Drake & Scull was flat after saying it had won a 340 million Qatari rial ($93.4 million) contract for work on the Doha Metro."



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