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Thursday, 29 June 2017

MIDEAST STOCKS-Banking shares fall, bucking global trend in UAE, Kuwait | Reuters

MIDEAST STOCKS-Banking shares fall, bucking global trend in UAE, Kuwait | Reuters:

"Gulf stock markets were mixed on Thursday, with banks in the United Arab Emirates and Kuwait generally weak despite a strong performance by their global counterparts. The prospect of higher interest rates from central banks around the world, including Britain and Canada, bolstered banking stocks overnight and helped the S&P 500 score its biggest one-day percentage gain in about two months on Wednesday. Banks were also strong in Asia on Thursday. In Abu Dhabi, the only lender that rose was Abu Dhabi Commercial Bank, which added 0.1 percent. Union National Bank fell 1.7 percent and First Abu Dhabi Bank declined 1.4 percent, dragging the index 0.6 percent lower."



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