Tuesday 31 May 2016

MIDEAST STOCKS-Gulf bourses poised to end the month with losses | Reuters

MIDEAST STOCKS-Gulf bourses poised to end the month with losses | Reuters:

"Stock markets in the Middle East looked set to end the month down on Tuesday as investors sell off ahead of the holy month of Ramadan and find little incentive to buy shares.

A Reuters poll of 14 leading fund managers held over the last 10 days found they had grown more cautious about building positions in equities.

Twenty-one percent anticipate cutting back allocations to Middle Eastern stock markets in the next three months, while 14 percent expect to raise them."



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