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Wednesday, 14 December 2016

MIDEAST STOCKS-Blue chips weigh on UAE, Qatar; Saudi moves little in quiet trade | Reuters

MIDEAST STOCKS-Blue chips weigh on UAE, Qatar; Saudi moves little in quiet trade | Reuters:
"Stock markets in the United Arab Emirates and Qatar retreated in early trade on Wednesday as investors took profits in blue chips that had surged earlier this month, while Saudi Arabia's index moved little.

Dubai's index fell 1.1 percent to 3,585 points, heading for a second straight session of losses; it dropped back below technical resistance on its August peak of 3,624 points.

Air Arabia the only listed airline in the Gulf, was the worst performer, down 2.2 percent. Real estate giant Emaar Properties lost 1.2 percent."

'via Blog this'