Wednesday 16 March 2016

MIDEAST STOCKS-Profit-taking continues in Gulf markets | Agricultural Commodities | Reuters

MIDEAST STOCKS-Profit-taking continues in Gulf markets | Agricultural Commodities | Reuters:

"Stock markets in the United Arab Emirates and Qatar fell in early trade on Wednesday in another day of profit-taking after strong gains since mid-February.

Dubai's benchmark fell 0.9 percent in the first hour. Dubai Investments dropped 5.0 percent and Drake & Scull was down 1.1 percent.

But some stocks that were dumped on Tuesday were bought on Wednesday, with Dubai Parks, the amusement park builder, jumping 3.8 percent, recouping all of the previous session's losses."



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