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


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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 Nasdaq, Inc.

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This article appears in: Investing , Commodities

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