Monday 2 October 2017

MIDEAST STOCKS-Gulf bourses mixed in early, thin trade

MIDEAST STOCKS-Gulf bourses mixed in early, thin trade:

"Stock markets in the Gulf were mixed in narrow ranges during early trade on Monday as investors lacked fresh news to move funds aggressively.

The Saudi index was flat after 45 minutes. Shares of telecommunications operator Atheeb, which had been suspended by the capital markets regulator since Sept. 25, tumbled 2.4 percent.

The company on Monday issued a statement saying it was still waiting for authorities to grant it a unified licence, which would enable Atheeb to obtain a loan to build its spectrum and pay its dues to the telecommunications regulator."



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