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Sunday, 15 January 2017

MIDEAST STOCKS-Saudi stalls, Kuwait outperforms, Dubai slips | Reuters

MIDEAST STOCKS-Saudi stalls, Kuwait outperforms, Dubai slips | Reuters:

"Stock markets in the Gulf diverged on Sunday with Saudi Arabia stalling near a six-week low and Dubai retreating on profit-taking, while Kuwait continued to outperform.

Saudi Arabia's index added 0.1 percent. Nine of the top 10 performers were from the insurance segment with Wafa Insurance in the lead, jumping 9.1 percent.

Interest in the sector has risen partly because of local media reports late last year that Saudi Arabia was looking at the possibility of including haj and umra pilgrims in a compulsory health insurance scheme."



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