Wednesday 23 May 2018

MIDEAST STOCKS-Dubai markets flat after 2-day rally, SABIC pulls Saudi down | Reuters

MIDEAST STOCKS-Dubai markets flat after 2-day rally, SABIC pulls Saudi down | Reuters:

"Dubai markets edged lower in early trading on Wednesday as investors took profit from a two-day rally, while petrochemical stocks took a hit from easing oil prices and pushed the Saudi market into a weaker territory. Other markets were slightly higher, but volumes were generally low during the Muslim fasting month of Ramadan. The Saudi index was down 0.2 percent, with 63 declining stocks out of 124 stocks being traded."



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