MIDEAST STOCKS-Dubai rebounds as top bank reports strong Q4; region stronger | Reuters:
"Dubai's stock market rebounded moderately in early trade on Monday after the emirate's largest bank reported better-than- expected earnings, while other Gulf bourses also rose from multi-year lows.
The Dubai index was up 0.8 percent after 50 minutes of trade, recouping some of the 15 percent which it had lost since the end of last year.
However, the index was well off its early high - it jumped more than 2 percent in the opening minutes - showing continued pressure from investors wanting to exit the market because of concern about sliding oil prices and the global economy."
'via Blog this'
No comments:
Post a Comment