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Monday, 27 March 2017

MIDEAST STOCKS-Gulf edges lower; Emaar Malls down on $800 mln Souq.com bid | Reuters

MIDEAST STOCKS-Gulf edges lower; Emaar Malls down on $800 mln Souq.com bid | Reuters:

"Stock markets in the Gulf edged slightly lower in early lethargic trade on Monday as crude oil prices remained near $50 a barrel and international markets were sluggish.

The Saudi stock index was down 0.3 percent in the first 25 minutes of trade. The number of declining shares outnumbered advancing ones by 99 to 23.

The largest dairy producer, Almarai, fell 0.7 percent and United Wire Factories fell 2.2 percent as they both went ex-dividend."



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