MIDEAST STOCKS-Markets narrowly mixed, Dubai holds chart support | Reuters:
"Middle East stock markets were mostly mixed in narrow ranges and moderate trading volumes on Monday, as Dubai tested and held technical support and petrochemical shares supported Saudi Arabia.
The Dubai index closed 0.4 percent lower at 3,266 points, off a low of 3,248 points. It has chart support on its mid-March low of 3,253 points and any break would trigger a minor double top formed by the March peaks and indicating a fresh leg down.
Dubai Parks & Resorts tumbled 6.9 percent in heavy trade. On Sunday it had pulled back 5.1 percent after proposing to boost its capital by 1.68 billion dirhams ($458 million) through a rights issue to finance development of a Six Flags theme park."
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