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Thursday, 18 May 2017

MIDEAST STOCKS-MSCI EM constituents weigh on Gulf, Saudi flat ahead of Trump visit | Reuters

MIDEAST STOCKS-MSCI EM constituents weigh on Gulf, Saudi flat ahead of Trump visit | Reuters:

"Stock markets in the Gulf most exposed to foreign fund flows followed global shares lower in early trade on Thursday, while the Saudi Arabian index, dominated by local investors, barely moved.

Dubai's index was down 0.5 percent as most shares that are constituents of the MSCI emerging market index dropped. DXB Entertainments lost 2.6 percent and Emaar Properties was down 0.9 percent.

Members of the MSCI emerging market index were also weak in Abu Dhabi, with First Abu Dhabi Bank and Aldar Properties each dropping 0.9 percent. The index was down 0.5 percent."



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