MIDEAST STOCKS-UAE markets to consolidate; global backdrop sluggish | Reuters:
"United Arab Emirates stock markets look set to consolidate in quiet trade on Sunday as they reopen after a break for Eid Al-Adha, with the global market environment slightly negative.
The Dubai stock index, which last closed at 3,633 points in thin trade, faces technical resistance around 3,700 points, which has capped it since the end of August.
Global market moves late last week do not suggest Dubai will stage a strong test of this resistance. Since Dubai last closed, Brent oil has edged down nearly 1 percent to $48.60 a barrel, while MSCI's all-country world equities index has dropped 0.6 percent."
'via Blog this'
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