MIDEAST STOCKS-Gulf mixed in quiet trade as global markets stabilise | Reuters:
"Stock markets in the Gulf were mixed in quiet trade early on Tuesday as global markets stabilised following the shock of Britain's vote to leave the European Union.
With oil prices rebounding, investors feel Brexit may have little impact on Gulf economies, although weakness in the pound and euro could affect Dubai's real estate and tourism sectors. Brent oil was up 1.7 percent to $47.95 a barrel in Asian trade.
Ramadan and summer holidays are limiting activity, however, and deterring investors from taking large positions given the risk of more global market instability. Saudi Arabia's market will be closed throughout next week for Eid al-Fitr."
'via Blog this'
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