MIDEAST STOCKS-Gulf markets edge down after oil pulls back | Reuters:
"Gulf stock markets edged down early on Thursday in the absence of fresh, positive news, and after oil prices pulled back slightly overnight.
Dubai's index slipped 0.1 percent in the first hour. Shuaa Capital added a further 1.2 percent in active trade after jumping its 15 percent daily limit on Wednesday, but Union Properties fell 0.8 percent.
Abu Dhabi National Energy Co (TAQA) fell 2.2 percent after reporting a narrower fourth-quarter loss of 1.22 billion dirhams ($332.2 million) versus a net loss of 3.63 billion dirhams in the same period of 2014; it declined to pay an annual dividend for the third year in a row. The stock had jumped 12.2 percent on Wednesday ahead of the earnings news."
'via Blog this'
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