Thursday 31 March 2016

MIDEAST STOCKS-Markets end mixed after wild quarter | Reuters

MIDEAST STOCKS-Markets end mixed after wild quarter | Reuters:

"Major Middle East stock markets ended mixed on Thursday after a volatile quarter in which Gulf bourses plunged to multi-year lows before recovering along with oil prices, while Egypt swung in response to currency policy.

Saudi Arabia's index closed the day 0.1 percent higher at 6,223 points. It lost as much as 23 percent during the first quarter but ultimately finished only 10 percent lower after oil prices bounced from below $30 a barrel to around $40.

Petrochemical shares were weaker, with the sector's index falling 0.5 percent. Hospital operator Middle East Healthcare fell back 6.5 percent after jumping its 10 percent daily limit for two straight days following its listing on Tuesday."



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