MIDEAST STOCKS-Gulf markets stabilise as U.S. gains, oil supports | Agricultural Commodities | Reuters

MIDEAST STOCKS-Gulf markets stabilise as U.S. gains, oil supports | Agricultural Commodities | Reuters:



"Gulf stock markets stabilised on Thursday after steep falls earlier in the week, as steadier oil prices and overnight gains by U.S. equities persuaded some bargain-hunters to return.



Dubai rose 0.1 percent to trim its weekly losses to 3.1 percent, Qatar added 0.5 percent, and Saudi Arabia climbed 0.2 percent from Wednesday's three-week low despite another plunge by telecommunications firm Mobily.



Mobily fell the maximum daily 10 percent to 58.50 riyals, reaching a 27-month low."



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