Arab Today, arab today asian gains to support gulf markets
Last Updated : GMT 18:35:19
Arab Today, arab today
Arab Today, arab today

Asian gains to support Gulf markets

Arab Today, arab today

Arab Today, arab today Asian gains to support Gulf markets

London - Arabstoday

Gains in Asian shares should support some Gulf Arab markets on Monday, but UAE stocks could face further losses as traders book profits from an early-year surge. Upbeat economic data lifted US markets to an almost four-year high last week and higher European stocks reflected signs of growing stability in the euro zone. Brent crude is holding above US$126 a barrel on Monday, with prices supported by continued concerns over supply disruption from Iran. A bullish oil market is usually positive for regional petrochemical stocks, with higher crude prices improving producers\' margins. Turnover on Saudi Arabia\'s bourse hit a five-year peak on Sunday, reaching SAR18bn (US$4.80bn), as money poured in to lift the kingdom\'s benchmark to a new three-and-a-half year high. \"We have very good visibility in terms of investments in Saudi Arabia, with government spending and capital expenditure... that\'s why a lot of money has shifted there,\" says Sebastien Henin, portfolio manager at The National Investor. Qatar\'s market is lacking short-term catalysts, while UAE bourses are seen extending losses as investors lock in recent gains. Dubai\'s index has fallen 5.3 percent since March 5\'s 16-month high. Dubai\'s Arabtec said it has no plans to renew talks with Abu Dhabi state fund Aabar Investments about a taking a stake in the builder because its funding needs have eased. The Abu Dhabi government-owned fund recently raised its stake in Arabtec to 5 percent, fueling speculation it may be interested in a larger share. \"They have to time the way they will increase their stake but 5 percent looks too small. Their portfolio usually consists of decent stakes in companies,\" Henin adds.

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 asian gains to support gulf markets Arab Today, arab today asian gains to support gulf markets

 



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 asian gains to support gulf markets Arab Today, arab today asian gains to support gulf markets

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
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