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Thursday, 16 February 2017

MIDEAST STOCKS-Gulf ends week on firm footing, Egypt rebounds | Reuters

MIDEAST STOCKS-Gulf ends week on firm footing, Egypt rebounds | Reuters:

"Stock markets in the Gulf closed on a firm footing on Thursday in line with generally upbeat global shares and stabilising crude oil prices, while Egypt's bourse ended a five-day losing streak. Dubai's index edged up 0.2 percent in thin trade. GFH Financial Group, the most heavily traded stock, jumped 4.4 percent. Two builders that reported heavy net losses for the fourth quarter of 2016 several days ago managed to close in positive territory. Arabtec added 2.0 percent, although it was down 23 percent for the week, while Drake & Scull inched up 0.2 percent, losing 3.3 percent over the week."



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