Tuesday 6 May 2014

MIDEAST STOCKS-Most Gulf mkts gain; Qatar pulls back from new peak | Reuters

MIDEAST STOCKS-Most Gulf mkts gain; Qatar pulls back from new peak | Reuters:



"Most stock markets in the Gulf rose on Tuesday, but Qatar retreated from a new historical high and Abu Dhabi edged down, continuing a pattern of sideways moves. 




The Doha bourse initially edged up after opening and crossed the psychologically important 13,000 point mark to reach 13,016 points but failed to hold above it.



The index closed 0.4 percent lower at 12,934 points and trading volume more than halved compared with Monday.



Industries Qatar and Qatar Islamic Bank were the main drags as their shares fell 1.0 and 1.9 percent, respectively."



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