Tuesday, 9 October 2012

STOCKS NEWS MIDEAST-UAE indices end slightly higher in muted trade - Yahoo! News Maktoob

Dubai's index ends slightly higher but gives up early gains as investors stay on the sidelines ahead of the third-quarter corporate results.
The index ends up 0.08 percent at 1,628 points. It hit a 23-week closing high on Sunday, but fell 1.1 percent the day after.
"We have the third quarter results coming up now and by year-end we may see dividend announcements too. There are enough catalysts coming up and investors are waiting for that," says Haissam Arabi, chief executive and fund manager at Gulfmena Investments.

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