Google+ Followers

Tuesday, 30 May 2017

MIDEAST STOCKS-UAE, Saudi inch up in timid trade; Qatar drops before FTSE changes | Reuters

MIDEAST STOCKS-UAE, Saudi inch up in timid trade; Qatar drops before FTSE changes | Reuters:

"Most stock markets in the Gulf were slightly higher in early trade on Tuesday with the main focus on stocks favoured by local day-traders, while Qatar's bourse fell ahead of changes by index compiler FTSE. Dubai's index rose 0.6 percent as loss-making theme park operator DXB Entertainments climbed 2.3 percent, pulling further away from a two-year low hit on Sunday. Investors were still reacting positively to news that its chief executive Raed Kajoor al-Nuaimi had been appointed CEO of a new entity that will manage development projects for Dubai Holding and Meraas Holding. The company has not yet named a new CEO. "



'via Blog this'