Middle East stock trading was lackluster as investors awaited
the conclusion on Wednesday of the Federal Open Market Committee
meeting on Wednesday.
After MidEast markets closed, the FOMC surprised markets and
announced no change in its bond-buying program. Economists had
expected a small $10 billion to $15 billion tapering, and it was
thought that MidEast markets would withstand a Fed tapering pretty
Kuwaiti shares hit a three-week high ahead of Q3 earnings season
later this month. Results are expected to be better than
Dubai's main index slipped 0.3% to 2,609 points, Abu Dhabi eased
0.3% to 3,768 points, Egypt shed 0.6% to 5,516 points, Saudi Arabia
eased 0.4% to 7,998 points, Qatar firmed 0.3% to 9,833 points,
Kuwait jumped 1.2% to 7,810 points, Oman edged up 0.2% to 6,582
points and Bahrain added 0.08% to 1,193 points.
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