Monday 4 April 2016

MIDEAST STOCKS-Dubai edges higher as other Gulf markets decline | Reuters

MIDEAST STOCKS-Dubai edges higher as other Gulf markets decline | Reuters:

"Dubai's stock market edged higher in early trade on Monday while other Gulf bourses weakened after oil prices slipped further below $39 a barrel.

The Dubai index added 0.3 percent, with most volume concentrated in small and mid-cap shares. Bahrain-based Islamic investment company GFH Financial added 1.7 percent and was the most heavily traded stock while builder Arabtec gained 0.6 percent.

Blue-chip companies have been largely dormant for several weeks as local speculative traders continue to steer markets."



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