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Tuesday, 14 March 2017

MIDEAST STOCKS-Gulf mixed; Shuaa pulls down Dubai, bond issue buoys Kuwait | Reuters

MIDEAST STOCKS-Gulf mixed; Shuaa pulls down Dubai, bond issue buoys Kuwait | Reuters:

"Gulf stock markets were mixed on Tuesday with a retreat by Shuaa Capital helping to dampen Dubai while the success of the Kuwait government's debut international bond issue buoyed that market. The Dubai index fell 0.9 percent as Shuaa dropped 4.2 percent. It had risen more than 18 percent to a seven-year high in the previous two days on speculation that it might merge with Bahrain's GFH Financial. During late trade on Tuesday, GFH confirmed that speculation, saying it had been discussing potential acquisitions of mergers with several financial institutions including Shuaa, and that no final decision had been made yet."



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