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Stock markets: Gulf bourses mixed amid higher oil prices
October 1, 2015, 4:30 pm
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Gulf stock markets were mixed early on Thursday, despite higher oil prices, as investors remained cautious after weeks of volatility in global asset prices. Dubai's index added 1.0 percent in a broad rally. Builder Arabtec, the most heavily traded stock and one favoured by local speculators, rose 4.9 percent.

But Abu Dhabi was flat and Qatar's index slipped 0.2 percent lower. Drilling rig provider Gulf International Services gained 0.9 percent but petrochemical producer Industries Qatar slipped 0.8 percent.

Kuwait's index slid 0.1 percent, pressured by blue chip National Bank of Kuwait, off 1.2 percent.

Source: Arabian Business

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