Google+ Followers

Wednesday, 15 March 2017

MIDEAST STOCKS-Most Gulf markets edge up in quiet, early trade | Reuters

MIDEAST STOCKS-Most Gulf markets edge up in quiet, early trade | Reuters:

"Most Gulf stock markets edged up in early trade on Wednesday ahead of an expected U.S. interest rate hike later in the day, though concern that U.S. monetary authorities could signal further hikes down the road kept trading volume moderate.

Saudi Arabia's index climbed 0.4 percent with most banks rising after credit rating agency Moody's raised its outlook for the Saudi banking system to "stable" from "negative", predicting liquidity and funding conditions would improve.

Al Jazira Bank gained 1.4 percent and electronics retailer United Electronics jumped 5.3 percent. Petrochemical firm Yansab fell 1.8 percent as it went ex-dividend.

"



'via Blog this'