MIDEAST STOCKS-Gulf stocks lose steam as investors cut position ahead holidays | Reuters:
"Gulf stocks ended lower on Wednesday, led by losses in the Abu Dhabi market as investors cut positions amid low volumes ahead of the holidays for the Muslim festival of Eid. Abu Dhabi stocks ended 2.1 percent lower, led by a 3.5 percent drop in First Abu Dhabi Bank as investors took profit on one of the best performing large-cap stocks this year in the United Arab Emirates (UAE). FAB shares are still up 21 percent so far this year, outperforming a 5 percent rise in Abu Dhabi index."
'via Blog this'
No comments:
Post a Comment