Wednesday, 23 December 2015

MIDEAST STOCKS-Gulf narrowly mixed in thin trade | Reuters

MIDEAST STOCKS-Gulf narrowly mixed in thin trade | Reuters:

"Gulf stock markets were narrowly mixed in thin early trade on Wednesday with activity deterred by the approach of the Christmas holiday period, when foreign investors become less active, and the release of Saudi Arabia's 2016 state budget, expected on Monday.

Firm global equities and oil prices supported sentiment, but there was very little corporate news to encourage buying.

Dubai's index, which had climbed 1.5 percent on Tuesday, edged down 0.03 percent after the opening on Wednesday. Activity focused on volatile, speculative stocks favoured by local retail investors such as Arabtec, up 3.3 percent, and GFH Financial Group, up 1.6 percent."



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