Google+ Followers

Sunday, 8 January 2017

MIDEAST STOCKS-Gulf mostly rises but Saudi slides; foreigners sell in Egypt | Daily Mail Online

MIDEAST STOCKS-Gulf mostly rises but Saudi slides; foreigners sell in Egypt | Daily Mail Online:
"Most Gulf stock markets rose on Sunday on the back of firm oil prices and global equities, but profit-taking in sectors including petrochemicals pulled down Saudi Arabia.

Dubai's index rose 1.8 percent to 3,692 points in the heaviest trading volume in nearly a month, which more than doubled from Thursday's level.

The index climbed above technical resistance at the mid-December peak of 3,659 points; a second straight close above that level would confirm a break, leaving the next chart barrier at the October 2015 peak of 3,740 points.

"

'via Blog this'