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Tuesday, 18 April 2017

MIDEAST STOCKS-Dubai surges in broad rally, rest of region sluggish early on | Reuters

MIDEAST STOCKS-Dubai surges in broad rally, rest of region sluggish early on | Reuters:

"Dubai's stock market rose sharply in a broad-based rally early on Tuesday but other Gulf bourses were sluggish, with Saudi Arabian banks mixed after first-quarter earnings announcements. The Dubai index gained 1.3 percent to 3,509 points, rebounding from near technical support on its March low of 3,435 points. All 10 most heavily traded stocks rose with GFH Financial, the most active, adding 3.6 percent. Abu Dhabi dropped 0.7 percent, however, because of a 2.3 percent fall by telecommunications firm Etisalat as it went ex-dividend. "



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