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Wednesday, 24 August 2016

MIDEAST STOCKS-Gulf moves little, Saudi flat | Reuters

MIDEAST STOCKS-Gulf moves little, Saudi flat | Reuters:

"Gulf stock markets moved little in early trade on Wednesday with few positive factors to spur buying, although Saudi Arabian petrochemical shares were firm.

The Saudi Arabian index was flat. Petrochemical heavyweight Saudi Basic Industries added 0.6 percent and Al Sagr Cooperative Insurance rose 2.2 percent in unusually heavy trade.

Dubai's index edged down 0.2 percent. Construction firm Drake & Scull climbed 1.2 percent in active trade; on Monday a top executive told Reuters that the company had asked advisers for proposals to review its business and find strategic investors."



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