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Sunday, 16 July 2017

MIDEAST STOCKS-Most Gulf bourses edge up, Oman hit by poor H1 earnings

MIDEAST STOCKS-Most Gulf bourses edge up, Oman hit by poor H1 earnings:

"Most Gulf stock markets edged up early on Sunday in line with a strong trend for global equities, though Qatar pulled back after last week's strong rebound and weak corporate earnings hurt Oman.

The Saudi index climbed 0.5 percent in the first half-hour in a broad rally, with advancing stocks outnumbering decliners by 124 to 20. Banque Saudi Fransi added 2.6 percent.

Dubai's index gained 0.3 percent as Union Properties, the most heavily traded stock, rose 0.4 percent."



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