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Thursday, 18 August 2016

MIDEAST STOCKS-Gulf moves narrowly, Saudi petchems firm with oil | Reuters

MIDEAST STOCKS-Gulf moves narrowly, Saudi petchems firm with oil | Reuters:

"Gulf stock markets moved little in early trade on Thursday as Saudi petrochemical shares firmed moderately in response to higher oil prices, but Qatar pulled back after a surge in past days due to hopes for inflows of foreign funds.

The Saudi stock index was flat after 45 minutes as petrochemical giant Saudi Basic Industries climbed 0.9 percent but the banking sector edged down.

Dubai's stock index edged down 0.1 percent as GFH Financial, a stock that attracts speculators and was the most heavily traded share, rose 1.0 percent but Emaar Properties slipped 0.3 percent."



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