DUBAI, Jan 29 (Reuters) - Gulf stock markets look set to move sideways on Sunday in the absence of fresh positive factors and with the global market environment lacklustre.
MSCI's world equities index
.MIWD00000PUS
edged down at the end of last week while Brent crude oil
LCOc1
stayed around $55.50 a barrel.
Saudi Arabia's index
.TASI
, last at 7,135 points, faces technical resistance at the January peak of 7,290 points and its pull-back from intra-day highs on Thursday suggested it may not break that level in the short term at least.
Telecommunications firm Viva Kuwait
VIVA.KW
may attract some interest after it reported a 6.8 percent rise in fourth-quarter net profit to 10.8 million dinars ($35.4 million); SICO Bahrain had forecast 9.44 million dinars.
ID:nD5N1F001B
(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))
MSCI's world equities index
Saudi Arabia's index
Telecommunications firm Viva Kuwait
(Reporting by Andrew Torchia) ((andrew.torchia@thomsonreuters.com; +9715 6681 7277; Reuters Messaging: andrew.torchia.thomsonreuters.com@reuters.net))