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Wednesday, 1 March 2017

MIDEAST STOCKS-Markets diverge in low volumes; Qatar rebounds | Reuters

MIDEAST STOCKS-Markets diverge in low volumes; Qatar rebounds | Reuters:

"Trading volumes in Middle Eastern stocks were light on Wednesday, with relatively modest moves and regional markets taking different directions.

Qatar's index rebounded 0.5 percent after dropping 2.2 percent in the previous session. All but one of the six banks rose with Commercial Bank, the top gainer, jumping 2.3 percent.

Abu Dhabi's index added 0.4 percent to 4,570 points but closed 38 points below its intra-day high. Two banks which are set to merge on April 1 closed substantially higher, with First Gulf Bank up 1.8 percent and National Bank of Abu Dhabi 1.4 percent higher."



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