Tuesday 9 January 2018

MIDEAST STOCKS-Gulf moves little, Egypt rises on presidential election date

MIDEAST STOCKS-Gulf moves little, Egypt rises on presidential election date:

"Gulf stock markets were mostly sluggish on Tuesday as Qatar slowed after surging for two days, but Egypt’s bourse rose after authorities announced a date for presidential elections.

The Qatari stock index closed 0.3 percent higher, well off early lows, as trading volume shrank by nearly a third. The index had gained 2.6 percent on Monday as investors positioned for annual dividend announcements in a few weeks.

Some of the best performers of the past two days pulled back, with Doha Bank losing 1.5 percent."



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