Thursday 17 March 2016

MIDEAST STOCKS-UAE bourses rise with oil, blue chips restrain Qatar | Reuters

MIDEAST STOCKS-UAE bourses rise with oil, blue chips restrain Qatar | Reuters:

"United Arab Emirates bourses rose early on Thursday in response to higher oil prices and strong global equity markets, while a few blue chips weighed on Qatar, which was flat.

The Dubai index rose 0.8 percent in the first hour as Gulf Financial Group, the most heavily traded stock, climbed 3.7 percent.

On the neighbouring NASDAQ Dubai exchange, port operator DP World rose 3.8 percent after posting a 30.7 percent rise in annual profit and set its 2015 ordinary dividend at $0.30 per share, against $0.235 paid for 2014."



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