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MidEast Stocks Mixed, Egypt Edges Up As Mursi Trial Starts
By: MT Newswires
Middle East stocks were mixed, with Egypt firming as ousted President Mohamed Mursi's trial began.
Mursi's trial on charges of inciting violence was adjourned to January 8 on Monday after he interrupted the session repeatedly, Reuters reported. His now-banned Muslim Brotherhood movement has said it would continue staging street protests to pressure the army to reinstate Mursi, the story said.
However, volume was thin as Egypt's exchange will be closed on Tuesday for a one-day holiday for the Islamic New Year. Oman and Kuwait's bourses will also be shut.
Egypt's main index rose 0.6% to 6,222 points, Saudi Arabia added 0.2% to 8,060 points, Dubai dipped 0.4% to 2,912 points, Abu Dhabi was flat at 3,845 points, Qatar gained 0.5% to 9,841 points, Kuwait inched up 0.3% to 7,896 points and Oman added 0.4% to 6,712 points.