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Sunday, 7 August 2016

MIDEAST STOCKS-Gulf starts week on strong footing, Egypt slips back | Reuters

MIDEAST STOCKS-Gulf starts week on strong footing, Egypt slips back | Reuters:

"Strength in international equities markets at the end of last week helped lift share prices in the Gulf on Sunday with markets most exposed to foreign capital inflows outperforming, while Egypt slipped on profit-taking.

Dubai's index climbed 1.1 percent. Four-fifths of the traded shares advanced, with companies which have not yet reported quarterly earnings attracting the most volume. Builder Arabtec climbed 3.4 percent and amusement park developer Dubai Parks and Resorts added 1.7 percent.

Blue chips helped push Qatar's index up 1.0 percent with Vodafone Qatar advancing 2.4 percent. Pertrochemical conglomerate Industries Qatar, which reported strong earnings late last week, jumped 3.9 percent."



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