MidEast Shares Mostly Rebound from Losses Made Earlier in Week on Iraqi Conflict

By
A A A

Middle East stocks mostly firmed, rebounding from earlier losses this week made on Iraqi jitters.

Dubai got an added boost from Arabtec, which rallied after its CEO, Hasan Ismaik, resigned.

Qatar's bourse also shrugged off a report by local newspaper Peninsula Qatar saying the country's advisory Shura Council favored introducing taxes on capital gains and dividends for foreign investors in local stocks, Reuters reports. According to the report, there is no imminent threat of new taxes as the council's opinion was merely a recommendation.


Dubai's main index edged up 0.6% to 4,522 points, Abu Dhabi added 0.7% to 4,781 points, Qatar firmed 0.6% to 12,591 points, Saudi Arabia gained 0.7% to 9,639 points, Kuwait lost 1.6% to 6,966 points, Egypt added 0.5% to 8,440 points, Bahrain shed 0.4% to 1,439 points and Oman inched up 0.2% to 6,903 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

64,516,771
  • $16 ▲ 1.01%
55,635,331
  • $126.41 ▼ 1.66%
46,999,117
  • $6.53 ▼ 5.09%
39,813,453
  • $56.86 ▼ 5.66%
30,210,018
  • $6.08 ▼ 1.62%
29,623,918
  • $7.68 ▼ 4.60%
28,025,361
  • $9.05 ▼ 0.55%
27,516,012
  • $11.79 ▼ 3.91%
As of 3/5/2015, 04:15 PM


Find a Credit Card

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