Wednesday, 13 January 2016

MIDEAST STOCKS-Gulf bourses near-flat as oil, Asian mkts steady | Reuters

MIDEAST STOCKS-Gulf bourses near-flat as oil, Asian mkts steady | Reuters:

"Gulf stock markets were near-flat in early trade on Wednesday as oil prices steadied and Asian markets advanced.

Brent oil, the crude benchmark that most shapes Gulf investor sentiment, bounced back from near $30 a barrel to trade at $31.10 at 0703 GMT.

Dubai's benchmark was 0.06 percent higher as of 0705 GMT. It had been up as much as 1.2 percent in early trade, but that rise sparked some selling as day traders booked quick profits, indicating little confidence in a sustained rebound."



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