Tuesday 7 January 2014

MidEast Stocks Mixed, Dubai Continues to Fall On Tighter Margin Lending Rules - NASDAQ.com

MidEast Stocks Mixed, Dubai Continues to Fall On Tighter Margin Lending Rules - NASDAQ.com:

"Middle East shares were mixed, with Dubai falling again after the local regulator tightened margin lending rules.

Other markets like Kuwait and Oman edged up, though, as investors rotated into underperforming markets in the region. They expect these markets to rally to come more in line with 2013 gains in other parts of the region.

Dubai's main index fell 1.5% to 3,378 points, Abu Dhabi dropped 1.4% to 4,395 points, Oman firmed 0.8% to 6,985 points, Kuwait added 0.7% to 7,659 points, Saudi Arabia eased 0.03% to 8,609 points, Bahrain gained 0.4% to 1,256 points and Qatar inched up 0.1% to 10,799 points."

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