Thursday 30 June 2016

MIDEAST STOCKS-Gulf mostly moves little, UAE outperforms | Reuters

MIDEAST STOCKS-Gulf mostly moves little, UAE outperforms | Reuters:

"Gulf stock markets moved generally little on Thursday with the approach of Eid Al Fitr holidays next week limiting activity, but United Arab Emirates bourses outperformed on the back of bank shares.

The Saudi index gave up modest early gains to close flat although the petrochemical sector was firm after oil prices jumped overnight. The sector's index climbed 0.4 percent.

In a sign of market caution, L'azurde Company for Jewellery , which had risen 7.6 percent when it listed on Wednesday, fell back 6.5 percent."



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