Wednesday, 6 June 2018

MIDEAST STOCKS-Stimulus plan boosts Abu Dhabi, Saudi ends six-day surge | Reuters

MIDEAST STOCKS-Stimulus plan boosts Abu Dhabi, Saudi ends six-day surge | Reuters:

"Major Middle Eastern stock markets were mixed on Wednesday with news of a 50 billion dirham ($13.6 billion) economic stimulus plan boosting Abu Dhabi while Saudi Arabia pulled back after six straight days of gains. The Abu Dhabi index added 0.8 percent with some big banks and real estate firms outperforming. Abu Dhabi Commercial Bank gained 1.4 percent and Aldar Properties climbed 1.5 percent. The three-year stimulus package announced by the crown prince includes more investment in new technologies and tourism."



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