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Sunday, 19 March 2017

MIDEAST STOCKS-Large caps weigh on Gulf in early trade; Kuwait outperforms | Reuters

MIDEAST STOCKS-Large caps weigh on Gulf in early trade; Kuwait outperforms | Reuters:

"Stock markets in the Gulf edged down in thin early trade on Sunday as some investors cashed out of blue chips. Dubai's index lost 0.6 percent with a 1.9 percent drop by heavyweight Emaar Properties. Shuaa Capital rose 0.5 percent but GFH Financial fell 0.4 percent. Last week the firms announced they were in preliminary talks on a possible merger. In Qatar, 20 companies will see a doubling of their investible weight factors on Monday in the second phase of Qatar's upgrade by FTSE Russell to secondary emerging market status."



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