Sunday 22 November 2015

MIDEAST STOCKS-Gulf markets edge up; short-term technicals positive | Reuters

MIDEAST STOCKS-Gulf markets edge up; short-term technicals positive | Reuters:

"Most Gulf stock markets edged up in early trade on Sunday, supported by positive short-term technical factors, though modest turnover suggested a major uptrend was not underway.

Dubai's index added 0.5 percent to 3,289 points. It triggered a minor double bottom formed by the November lows on Thursday; the target of that pattern is 3,327 points.

Nine of the 10 most heavily traded Dubai stocks rose, with builder Arabtec, the most active stock, up 1.7 percent."



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