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MARKET TALK: Gulf Mkts End Mixed; Air Arabia Shrs Shine on 2Q Cheer - Zawya Dow Jones News

Tuesday, Aug 07, 2012

1020 GMT [Zawya Dow Jones]--Persian Gulf markets end mixed Tuesday, albeit on relatively narrow volumes. Regional stocks are likely to remain volatile and driven by international markets, analyst at Invest AD says. Reckons the focus remains on the euro-zone debt crisis and uncertainty over the health of the global economy. Dubai's market finishes -0.2% at 1556.79; bank and real estate stocks weigh. Air Arabia +0.8% at AED0.651 after posting a jump in quarterly profit. Abu Dhabi's market is up 0.2% at 2510.87; energy stocks support. Kuwait's benchmark index slips 0.4% to 5708.57, while Doha ends +0.2% at 8365.28. Saudi shares trade +0.2% at 6954.36.

(nikhil.lohade@dowjones.com; Twitter: @ZDJnews)

Copyright (c) 2012 Dow Jones & Co.

(END) Dow Jones Newswires

07-08-12 1020GMT

 
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