Monday, 28 March 2016

MIDEAST STOCKS-Dubai bounces from chart support, rest of Gulf mixed | Reuters

MIDEAST STOCKS-Dubai bounces from chart support, rest of Gulf mixed | Reuters:

"Dubai's stock market bounced from technical support early on Monday after a week of declines, while other Gulf stock markets were mixed in quiet trade.

The Dubai index edged down to a low of 3,267 points in the opening minutes, near chart support on its mid-March low of 3,253 points, but after an hour of trade was 0.4 percent higher at 3,294 points.

Builder Arabtec added 2.5 percent after it scheduled a board meeting for Wednesday to discuss its business. Islamic Arab Insurance was the most heavily traded stock, rising 2.7 percent."



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