MIDEAST STOCKS-Gulf bourses follow Asian shares, oil lower | Reuters:
"Gulf stock markets declined in early trade on Thursday as investors cashed out after a sell-off in Asian shares, and after Brent crude oil dipped below $30 a barrel.
Dubai's benchmark slumped 1.7 percent. Construction firm Arabtec tumbled 2.4 percent; the stock has outperformed its peers this year, losing only 0.8 percent. Builder Drake & Scull traded down 3.4 percent.
Abu Dhabi's market fell 0.6 percent with 10 of the 11 traded stocks retreating. Blue-chip lenders which have yet to report earnings were lower with First Gulf Bank and Abu Dhabi Islamic Bank down 0.9 and 1.2 percent respectively."
'via Blog this'
No comments:
Post a Comment