Thursday 24 March 2016

MIDEAST STOCKS-Gulf edges down; stocks going ex-dividend weigh | Reuters

MIDEAST STOCKS-Gulf edges down; stocks going ex-dividend weigh | Reuters:

"Gulf stock markets edged down in early trade on Thursday in line with soft oil prices and global bourses, with some individual shares leading the way down as they went ex-dividend.

The Dubai index dropped 0.8 percent in the opening 45 minutes. Air Arabia, which plunged on Tuesday as it went ex-dividend and has been weak since then in response to the Brussels airport attacks, fell a further 1.6 percent.

Abu Dhabi's index lost 1.1 percent as Aldar Properties, which went ex-dividend on Thursday, slid 4.0 percent."



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