Wednesday, May 08, 2013
1232 GMT [Zawya Dow Jones]--Most Persian Gulf markets end higher Wednesday as investors track global equity strength. Dubai shares finish +0.6% at 2162.55; another multi-year high. Analyst at Taib Securities reckons the market will remain positive above 2114, scoping for the 2196 level; says: "Buy on weakness". Arabtec Holding leads the gains, up 9.9% at AED2.33. Abu Dhabi's market is up 0.1% at 3343.82 and Doha's benchmark index ends +0.1% at 8858.29, while Kuwait slips 0.6% to 7724.97 after hitting a multi-year high in the previous session. Saudi shares trade +0.3% at 7206.29.
(nikhil.lohade@dowjones.com; Twitter: @ZDJnews)
Copyright (c) 2013 Dow Jones & Co.
(END) Dow Jones Newswires
08-05-13 1048GMT
