Wednesday 4 May 2016

MIDEAST STOCKS-Gulf markets retreat in early trade | Daily Mail Online

MIDEAST STOCKS-Gulf markets retreat in early trade | Daily Mail Online:

"Stock markets in the Gulf followed international bourses lower early on Wednesday after oil prices slipped again overnight and concern about lacklustre global growth weighed on investors.

Riyadh's index shed 0.2 percent in the first 45 minutes of trade in modest volume. Shares in the retail and petrochemical sectors were the main laggards.

Jarir Marketing and Fawaz Alhokair, two of the largest retailers in the kingdom, dropped 1.3 and 0.8 percent respectively. But low-cost supermarket chain Alothaim , which could attract more customers during an economic slowdown, rose 1.8 percent."



'via Blog this'

No comments:

Post a Comment