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Thursday, 4 August 2016

MIDEAST STOCKS-Gulf recovers slightly as oil price rebounds | Reuters

MIDEAST STOCKS-Gulf recovers slightly as oil price rebounds | Reuters:

"A recovery in oil prices and global equities helped lift stock markets in the Gulf slightly in early trade on Thursday after a weak performance in the region earlier this week.

Dubai's main index was up 0.4 percent as large and mid-cap stocks outperformed, with Emaar Properties climbing 1.2 percent.

In Abu Dhabi the index was dragged 0.4 percent lower by telecommunications firm Etisalat, which dropped 1.8 percent as it went ex-dividend."



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