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Sunday, 13 November 2016

MIDEAST STOCKS-Shares exposed to emerging market funds sag but Saudi index climbs | Reuters

MIDEAST STOCKS-Shares exposed to emerging market funds sag but Saudi index climbs | Reuters:

"Gulf shares which form part of MSCI's emerging market index fell in early trade on Sunday but Saudi Arabia's market bucked the trend as two of its biggest telecommunications operators rose after the settlement of a two-year arbitration process.

In Abu Dhabi, the index was down 1.2 percent as First Gulf Bank dropped 2.1 percent and Etisalat fell 1.7 percent in line with a sharp drop in emerging markets globally on Friday.

Qatar's main index fell 0.4 percent with petrochemical and metals producer Industries Qatar down 0.5 percent. Barwa Real Estate lost 1.0 percent."



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