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Sunday, 13 August 2017

MIDEAST STOCKS-UAE, Qatar underperform, Saudi flat in early trade

MIDEAST STOCKS-UAE, Qatar underperform, Saudi flat in early trade:

"Stock markets in the Gulf that are most exposed to foreign funds were the chief losers in early trade on Sunday, taking their cue from global bourses, where the mood was soured last week by growing tensions between the United States and North Korea.

The Dubai index was down 0.5 percent as most shares fell, including commodities shipper Gulf Navigation, which was down 3.0 percent despite reporting a rise in second-quarter profit.

Shuaa Capital rose 0.8 percent, however, after it swung to a second-quarter net profit of 12.1 million dirhams ($3.3 million) from a loss of 50.8 million dirhams a year ago."



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