Sunday, 24 May 2015

UPDATE 1-MIDEAST STOCKS-Gulf markets mixed after oil prices retreat | News by Country | Reuters

UPDATE 1-MIDEAST STOCKS-Gulf markets mixed after oil prices retreat | News by Country | Reuters:



"Gulf stock markets were mixed in early trade on Sunday after oil prices fell and corporate news provided few positive catalysts.



Brent oil settled down $1.17, or 1.8 percent, at $65.37 a barrel on Friday, falling 2.1 percent on the week as a rallying dollar and profit-taking ahead of a long U.S. holiday weekend cut short a two-day rally.



Dubai's index dropped 0.7 percent as most stocks declined. Developer DAMAC and builder Arabtec , the most traded stocks, were down 1.3 and 3.3 percent respectively."



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