Thursday, 25 February 2016

MIDEAST STOCKS-Markets end mixed in modest volumes | Energy & Oil | Reuters

MIDEAST STOCKS-Markets end mixed in modest volumes | Energy & Oil | Reuters:

"Stock markets in the Middle East were mixed on Thursday with small and mid-sized stocks, favoured by local retail investors, attracting the most trading volume in Saudi Arabia while blue chips were the main drag in the United Arab Emirates and Qatar.

Riyadh's index added 0.6 percent in modest turnover with Saudi Basic Industries adding 1.1 percent. Among smaller stocks, Tihama Advertising and insurer Alinma Tokio Marine jumped 2.1 and 4.9 percent respectively.

Abdulmohsen Al Hokair Group closed up 0.4 percent, but well off its session high, after the tourism company announced a cash dividend of 1.25 riyals per share for the second half of 2015, taking the total for last year to 2.5 riyals per share, in line with 2014 payouts."



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