Jul 16 2012
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MARKET TALK: Most Gulf Mkts End Tad Up; Dubai Ppty Shrs Shine
Monday, Jul 16, 2012
1042 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets end modestly higher Monday, albeit on relatively light volumes. Some repositioning with an eye on 2Q earnings, but investors remain cautious on global news flow, traders say. Dubai's market finishes 0.9% higher at 1516.53; led by property stocks. Arabtec Holding rises 2.8% to AED2.94 and bellwether Emaar +2.5% at AED3.23. Doha's market edges up 0.1% to 8295.03; Kuwait's benchmark index +0.1% at 5860.38; while Abu Dhabi ends -0.2% at 2456.89. Saudi shares trade flat at 6665.10. (firstname.lastname@example.org; Twitter: @ZDJnews)
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