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Monday, 2 January 2017

MIDEAST STOCKS-Gulf mixed, Oman falls after budget; Egypt edges down | Reuters

MIDEAST STOCKS-Gulf mixed, Oman falls after budget; Egypt edges down | Reuters:
"Gulf stock markets were mixed on Monday as most reopened after the New Year, with Oman falling after the release of an austere state budget for 2017. Egypt edged down although foreign investors remained net buyers of stocks.

Dubai's index rose 0.2 percent as much activity focused on speculative stocks with prices below 1 dirham. Islamic Arab Insurance, the most heavily traded stock, rocketed 15 percent in its largest volume since April.

Abu Dhabi fell 0.3 percent, partly due to a 7.6 percent slide in Abu Dhabi National Energy."

'via Blog this'