MIDEAST STOCKS-Gulf mostly rises, quieter as Ramadan nears | Reuters

MIDEAST STOCKS-Gulf mostly rises, quieter as Ramadan nears | Reuters:

"Most Gulf stock markets rose on Tuesday but trading volumes were small as some investors stayed away because of the approach of the holy month of Ramadan and summer holidays, when activity tends to decrease in some bourses.

Dubai's index spent most of the day little changed but closed 1.0 percent higher after a surge in the final half-hour.

Investment bank Shuaa Capital jumped 3.7 percent in unusually heavy trade after sources told Reuters that it cut about 15 percent of its workforce at the end of last week, ahead of a possible sale of a stake in the company by Dubai Group."



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