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Sunday, 27 November 2016

Gulf markets consolidate in subdued opening trade | The National

Gulf markets consolidate in subdued opening trade | The National:
"Gulf stocks consolidated in a quiet market on Sunday with little corporate news to prompt trading, and with Friday’s sharp pull-back in oil prices offsetting strength in bourses worldwide.

The Saudi stocks edged up 0.1 per cent to 6,806 points in the first half hour. The index tested and failed to break technical resistance on its April peak of 6,876 points on Thursday.

The petrochemical index underperformed, dropping 0.4 per cent, while the cement sector was also weak."

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