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Monday, 8 August 2016

MIDEAST STOCKS-Qatar, Saudi edge up, UAE slips on profit-taking | Reuters

MIDEAST STOCKS-Qatar, Saudi edge up, UAE slips on profit-taking | Reuters:

"Stock markets in Qatar and Saudi Arabia edged up in early trade on Monday as firm oil and global stock markets encouraged investors to buy, but the two main indexes in the United Arab Emirates slipped as investors booked profits on recent gains.

Qatar's equities index rose 0.4 percent as the largest listed stock, Qatar National Bank, climbed 1.9 percent. Other banks also advanced including Islamic lender Masraf Al Rayan which was up 0.5 percent.

But Dubai's index slipped 0.1 percent as some of Sunday's top gainers pulled back. Arabtec was down 0.7 percent and Dubai Parks and Resorts off 0.6 percent."



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