Monday, 11 June 2018

MIDEAST STOCKS-UAE, Saudi markets rise slightly ahead of holidays, Qatar down | ZAWYA MENA Edition

MIDEAST STOCKS-UAE, Saudi markets rise slightly ahead of holidays, Qatar down | ZAWYA MENA Edition:

"Stocks in Saudi Arabia and United Arab Emirate rose slightly on Monday amid weak volumes ahead of Eid holidays, which marks the end of the Muslim fasting month of Ramadan, while financial and real estate stocks sent Qatar down. Trading in the Gulf is usually muted ahead of holidays as some traders cash in shares and are generally cautious of any developments in global markets during the closure of their bourses. Eid holiday begins on Wednesday in the Saudi market and on Thursday in UAE markets, extending into the first few days of next week. "



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