Tuesday 6 March 2018

MIDEAST STOCKS-Saudi, Qatar stocks rebound on global stocks, Abu Dhabi slips as lender FAB goes ex-dividend | ZAWYA MENA Edition

MIDEAST STOCKS-Saudi, Qatar stocks rebound on global stocks, Abu Dhabi slips as lender FAB goes ex-dividend | ZAWYA MENA Edition:

"Gulf stock markets were mixed on Tuesday as some markets such as Saudi and Qatar took heart from a rise in global stocks and oil prices, while Abu Dhabi's stock market dropped 2 percent as First Abu Dhabi Bank went ex-dividend. Qatar stock market rose 0.7 percent after slumping to its lowest level in more than two months on Monday when two big Qatari companies went ex-dividend. Saudi stocks jumped 0.6 percent, buoyed by telecom and financial stocks. Saudi Arabia Mining Co  rose 1.81 percent after sharply falling this week as the majority owner of the world's largest fully integrated aluminium facility was weighed down by news about planned rise in U.S. tariffs."



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