Arab Today, arab today gulf markets seen steady after oil price fall
Last Updated : GMT 20:25:08
Arab Today, arab today
Arab Today, arab today

Gulf markets seen steady after oil price fall

Arab Today, arab today

Arab Today, arab today Gulf markets seen steady after oil price fall

Abu Dhabi - Arabstoday

Gulf Arab stocks are seen trading sideways on Sunday, with investors wary following declines on global markets. Saudi Arabia\'s index fell 0.7 percent on Saturday downbeat oil prices weighed, its sixth decline in seven sessions since April 3\'s three-and-a-half year high. Oil fell on Friday to post a weekly loss following gloomy economic data from China, which also roiled world equity markets. \"We will probably see sideways markets for the next couple of weeks, but I don\'t expect a big sell-off - we will probably get the odd day when people get nervous, but we shouldn\'t get the kind of panic we\'ve witnessed previously,\" says Ibrahim Masood, senior investment officer at Mashreq Bank. Saudi stocks are likely to consolidate after most bluechip firms reported first-quarter earnings that were broadly in line with expectations, says Masood. \"Following the stimulus measures, the retail sector has done very well,\" says Masood. \"Banks have been recovering following two and half years of consolidation where they have been building up their balance sheets. Petrochemicals had pretty strong margins from a historical context.\"

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf markets seen steady after oil price fall Arab Today, arab today gulf markets seen steady after oil price fall

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today gulf markets seen steady after oil price fall Arab Today, arab today gulf markets seen steady after oil price fall

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%

GMT 06:20 2017 Tuesday ,16 May

Tadawul index climbs 0.6%

GMT 13:43 2017 Monday ,15 May

Oman share index declines marginally
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday