Google+ Followers

Monday, 26 December 2016

Gulf bourses gain ground in early trade | The National

Gulf bourses gain ground in early trade | The National:
"The Saudi Arabian stock market’s post-budget rally lost steam early on Monday as the index neared a technical resistance, while other major Gulf bourses were firm in quiet trade.

The Saudi index added 1.5 per cent to 7,191 points on Sunday in reaction to Riyadh’s modestly expansionary state budget for 2017.

But it faces technical resistance on this year’s peak of 7,235 points, hit earlier this month, and edged down 0.1 per cent to 7,181 in the first 20 minutes of trading on Monday."

'via Blog this'