MIDEAST STOCKS-Major UAE banks ex-dividend; Saudi faces key chart barrier | Reuters:
"Stock markets in Dubai and Abu Dhabi may come under pressure on Thursday as some of the largest listed banks in the United Arab Emirates go ex-dividend, while Saudi Arabia is set to test a major technical barrier.
Shares in Emirates NBD, Dubai's largest bank by assets, no longer carry the 0.35 dirham dividend for 2014. Its smaller competitor Commercial Bank of Dubai has also gone past the registration date for a 0.20 dirham payout. Both stocks have limited liquidity and their movements can be choppy.
Abu Dhabi Commercial Bank, the fourth-largest lender by assets in the UAE, will trade without a 0.40 dirham dividend attached and United Arab Bank has lost a 0.08 dirham payout."
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