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Tuesday, 27 December 2016

MIDEAST STOCKS-Gulf barely moves in early trade | Reuters

MIDEAST STOCKS-Gulf barely moves in early trade | Reuters:
"Gulf stock markets barely moved in thin, early trade on Tuesday with some foreign investors absent for New Year holidays and few fresh cues from corporate news or global markets.

Saudi Arabia's index edged up 0.1 percent to 7,172 points in early trading. It faces technical resistance at this year's peak of 7,235 points.

Saudi Electricity, which had risen on Sunday after Riyadh's 2017 state budget promised power tariff hikes later this year, pulled back, losing 2.0 percent."

'via Blog this'