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Monday, 13 March 2017

MIDEAST STOCKS-Gulf mostly weak on oil though Dubai's Shuaa, GFH leap | Reuters

MIDEAST STOCKS-Gulf mostly weak on oil though Dubai's Shuaa, GFH leap | Reuters:

"Stock markets in the Gulf were mostly soft in early trade on Monday as crude oil prices languished near three-month lows, but strength in Dubai's Shuaa Capital and GFH Financial supported that bourse.

Saudi Arabia's index was down 0.2 percent after 40 minutes of trade as most petrochemical shares fell; heavyweight Saudi Basic Industries dropped 0.5 percent.

Bank Aljazira, which had surged its 10 percent daily limit on Sunday after announcing plans to increase its share capital through bonus shares, fell 1.0 percent."



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