Wednesday 9 March 2016

MIDEAST STOCKS-Gulf falls on oil prices, shares going ex-dividend | Reuters

MIDEAST STOCKS-Gulf falls on oil prices, shares going ex-dividend | Reuters:

"Gulf stock markets fell in early trade on Wednesday as some shares went ex-dividend and after oil prices and global equity markets pulled back slightly. But solid trading volumes suggested investor sentiment was not gloomy.

Dubai's index fell 0.7 percent with nine of the 10 most heavily traded stocks dropping. Union Properties, which has been extremely active and volatile in the last few days, fell 2.6 percent.

Emaar Malls slipped 0.4 percent after rising 1.5 percent in the opening minutes in response to its plan to pay a dividend of 0.1 dirham per share for the 15 months to Dec. 31, 2015."



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