Middle East Bourses Mostly Rise, Saudi Arabia Hits 63-Month High

By
A A A

Middle East stocks mostly rose, with Saudi Arabia climbing to a 63-month high, after the Fed announced on Wednesday a slight tapering of its bond-buying program.

Dubai also reached a new 5-year high amid optimism for local property shares.

Saudi Arabia's main index gained 0.8% to 8,510 points, Dubai added 1.1%to 3,243 points, Abu Dhabi firmed 1.1% to 4,139 points, Egypt edged up 0.4% to 6,748 points, Kuwait added 0.4% to 7,605 points, Oman inched up 0.2% to 6,822 points and Bahrain dipped 0.1% to 1,206 points.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks:

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

Most Active by Volume

61,354,178
  • $10.59 ▲ 13.26%
57,730,182
  • $16.27 ▲ 1.12%
51,987,548
  • $103.30 ▲ 0.78%
48,129,834
  • $20.65 ▲ 5.52%
41,623,916
  • $12.63 ▲ 8.13%
34,294,341
  • $76.68 ▲ 2.49%
31,515,879
  • $34.57 ▼ 1.00%
28,847,879
  • $3.64 ▲ 0.28%
As of 9/2/2014, 04:15 PM

Find a Credit Card

Select a credit card product by:
Select an offer:
Search
Data Provided by BankRate.com