Sunday, 20 September 2015

MIDEAST STOCKS-Most Gulf markets edge up after Fed keeps rates on hold | Reuters

MIDEAST STOCKS-Most Gulf markets edge up after Fed keeps rates on hold | Reuters:

"Most Gulf stock markets were up in early trade on Sunday, supported by the U.S. Federal Reserve's decision to keep interest rates on hold, although weaker oil prices pressured some stocks.

Abu Dhabi's bourse was 0.7 percent higher with most blue chips positive, although Abu Dhabi National Energy Co , sensitive to oil prices, dropped 3.6 percent.

Qatar's benchmark edged up 0.5 percent. Property firm United Development climbed 1.3 percent after saying it had completed the first auction for townhouses at its new development. It did not disclose the revenue from the auction."



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