Tuesday 15 September 2015

MIDEAST STOCKS-Gulf mostly weak, but Etisalat lifts Abu Dhabi | Reuters

MIDEAST STOCKS-Gulf mostly weak, but Etisalat lifts Abu Dhabi | Reuters:



"Most Gulf stock markets edged down in early trade on Tuesday, following negative global leads, but United Arab Emirates telecommunications firm Etisalat rose as it opened up to foreign and institutional investors.

Etisalat rose 1.4 percent and dominated trading volumes in Abu Dhabi, whose main index edged up 0.2 percent although most other stocks were negative.

As the biggest listed company in the UAE, Etisalat is now very likely to secure a place in emerging market indexes, attracting global funds. Previously, only local retail investors could buy the stock."



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