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Thursday, 8 September 2016

MIDEAST STOCKS-Saudi up but volume dwindles, profit-taking hits Qatar | Reuters

MIDEAST STOCKS-Saudi up but volume dwindles, profit-taking hits Qatar | Reuters:

"Petrochemical shares supported Saudi Arabia's stock index on Thursday, benefiting from a bounce-back in crude oil prices, while Qatar underperformed as investors sold shares which had risen over the past month.

Trade in some markets was thinned by the fact that Middle Eastern bourses will close for Eid al-Adha holidays during all or much of next week, raising risks for investors maintaining large positions.

Riyadh's index gained 0.6 percent in the lowest daily volume recorded this year with gainers outnumbering losers 114 to 33."



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