Wednesday 23 May 2018

MIDEAST STOCKS-Dubai market down on profit taking, other markets mixed | Reuters

MIDEAST STOCKS-Dubai market down on profit taking, other markets mixed | Reuters:

"The Dubai market closed lower on Wednesday, ending a two-day rally as investors took profit on a select number of stocks, while blue chips led by Jabal Omar pushed the Saudi market into weaker territory. Other markets were slightly higher, but volumes were generally low during the Muslim fasting month of Ramadan. The Saudi index was down 0.1 percent, with 98 declining stocks out of 181 stocks traded during the session."



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