Thursday, 23 June 2016

MIDEAST STOCKS-Gulf soft ahead of British EU vote | Reuters

MIDEAST STOCKS-Gulf soft ahead of British EU vote | Reuters:

"Stock markets in the Gulf were mostly soft in thin volumes in early trade on Thursday ahead of Britons' vote to decide whether to stay in the European Union.

Dubai's index edged down 0.3 percent, with stocks that had led advances over the past week pulling back. Dubai Parks and Resorts dropped 1.3 percent, but is still up 42 percent year-to-date.

In Abu Dhabi, the index was down 0.4 percent. National Bank of Abu Dhabi retreated 0.5 percent while Gulf Bank was flat; the shares soared earlier this week after the banks said they were in merger talks."



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