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Wednesday, 15 February 2017

MIDEAST STOCKS-Gulf mostly firm, Egypt slips after breaking technical support | Reuters

MIDEAST STOCKS-Gulf mostly firm, Egypt slips after breaking technical support | Reuters:

"Most Gulf stock markets rose on Wednesday on the back of strong global equity prices, while Egypt's bourse continued to pull back on profit-taking, breaking technical support.

The Saudi index added 0.6 percent as real estate developer Dar Al Arkan, the most heavily traded stock, climbed 2.5 percent. Utility Saudi Electric rose 2.7 percent.

Saudi Arabian Fertilizer Co rose 1.1 percent despite saying its board had proposed a cash dividend of 1 riyal per share for the second half of 2016, down from 3 riyals a year earlier.

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