MIDEAST STOCKS-Gulf rises on oil, global trend; First Abu Dhabi surges:
"Gulf stock markets rose on Thursday, buoyed by rising oil prices and record closes on Wall Street, while strength in the United Arab Emirates’ biggest bank boosted Abu Dhabi’s market in particular.
The Abu Dhabi index climbed 1.5 percent to its highest level since mid-August as First Abu Dhabi Bank surged 2.4 percent to 10.90 dirhams, bringing its gains in the last three days to 6.3 percent.
The stock rose on Wednesday above its 200-day average for the first time since September, triggering a minor double bottom formed by the lows since October. Of 10 analysts polled by Reuters, one has a “strong buy” on the stock, five have a “buy” and four have a “hold”, with a median target of 11.75 dirhams."
'via Blog this'
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