Tuesday, 30 August 2016

MIDEAST STOCKS-Gulf shares slightly up in lethargic trade | Reuters

MIDEAST STOCKS-Gulf shares slightly up in lethargic trade | Reuters:

"Stock markets in the Gulf edged up in early trade on Tuesday after oil prices and Asian bourses made modest recoveries but trading volumes were thin.

Dubai's index climbed 0.1 percent with gainers outnumbering losers 13 to five. Trade mainly focused on speculative shares favoured by short-term local traders; builder Arabtec rose 0.7 percent and GFH Financial added 1.7 percent.

But courier Aramex, which had surged 2.3 percent on Monday, retreated 1.7 percent.

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