Wednesday, 30 March 2016

MIDEAST STOCKS-Markets mixed, money flows to UAE | Reuters

MIDEAST STOCKS-Markets mixed, money flows to UAE | Reuters:

"Middle East stock markets were mixed on Wednesday as money flowed into bourses in the United Arab Emirates but many markets dropped in shrinking volumes, suggesting some investors were pulling out.

Given the UAE's diversified economy, its markets are widely seen as relatively well-placed to ride out a looming economic slowdown in the Gulf this year prompted by low oil prices.

Dubai's index climbed 1.5 percent to 3,325 points, bouncing from near technical support on its mid-March low of 3,253 points."



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