Thursday, 22 March 2012

MIDEAST STOCKS-UAE ends mixed as retail dominates; Qatar, Oman up - Yahoo! News UK

UAE markets end mixed as retail investors dominated trade on Thursday, while Qatar's benchmark
closes higher for a first day in three.
Dubai's index climbed 0.3 percent, taking its 2012 gains to 23 percent. The benchmark traded within a 50-point
range this week, volatility easing as investors await new catalysts to lift the market.
Some small-cap stocks still made large swings, however. National Central Cooling (Tabreed) jumped 8.4 percent, mortgage lender Tamweel rose 3.3 percent and Deyaar Development added 2.3 percent.

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