MIDEAST STOCKS-Region moves sideways, outperforms EM index; DXBE slides on losses

MIDEAST STOCKS-Region moves sideways, outperforms EM index; DXBE slides on losses:

"Middle Eastern stock markets generally moved sideways in quiet trade on Wednesday, outperforming other emerging markets, though Dubai theme park operator DXB Entertainments sank because of poor first-half earnings.

The Gulf has underperformed global emerging markets this year, hit by low oil prices and government austerity policies.

But this may have left the Gulf less vulnerable to a pull-back as MSCI's emerging market index dropped 0.9 percent on Wednesday, partly because of tensions between the United States and North Korea."



'via Blog this'