MIDEAST STOCKS-Most of Gulf markets fall but SABIC supports Saudi | Reuters

MIDEAST STOCKS-Most of Gulf markets fall but SABIC supports Saudi | Reuters:

"Most Gulf stock markets fell in
modest trading volumes on Wednesday with the weakness of global
equity markets putting a dampener on activity as well as the
approach of a holiday in many countries on Thursday to mark the
Islamic New Year.

Dubai's stock index fell 0.4 percent as real estate
blue chip Emaar Properties lost 1.6 percent. Abu Dhabi
dropped 0.6 percent as banks were weak, with National
bank of Abu Dhabi retreating 0.9 percent.

Abu Dhabi's United Arab Bank reported a net profit
of 72 million dirhams ($19.6 million) for the first nine months
of 2015, sharply down from 498 million dirhams a year earlier."



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