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Wednesday, 4 January 2017

MIDEAST STOCKS-Profit-taking weighs on Gulf but Qatar resilient in early trade | Reuters

MIDEAST STOCKS-Profit-taking weighs on Gulf but Qatar resilient in early trade | Reuters:

"Profit-taking weighed on Gulf stock markets in early trade on Wednesday while Qatar's index remained relatively resilient.

Abu Dhabi's index pulled back 0.6 percent with Abu Dhabi Commercial Bank, which had closed 4.4 percent higher on Tuesday, dropping 1.4 percent.

Dubai's main index edged down 0.2 percent as builder Drake & Scull retreated 1.4 percent and peer Arabtec pulled back 2.9 percent.

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