MIDEAST STOCKS-UAE shares rebound on technicals; Kuwait slumps on regulatory crackdown | Reuters:
"* Dubai, Abu Dhabi bounce from technical support levels
* But valuations remain stretched
* Q1 earnings could set further direction
* Other Gulf markets mixed
* Kuwait falls after regulator suspends broker, stocks
By Nadia Saleem
DUBAI, March 13 (Reuters) - Shares in the United Arab Emirates on Thursday recovered some losses from the previous session on a technical rebound, while other regional markets were mixed after the global sentiment turned cautiously positive.
Surprisingly weak Chinese data and concerns over the Ukrainian crisis took down global equities this week. That triggered a long-awaited correction in UAE markets.
Renewed buying at chart support levels, however, helped the UAE rebound from multi-week lows. Dubai's bourse rose 1.2 percent, partly recouping losses from the past two days. Abu Dhabi's benchmark climbed 2.2 percent, snapping a five-session loss."
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