Markets

MidEast Stocks Narrowly Mixed in Thin Trade as Eid al-Adha Holiday Approaches

Middle East shares were narrowly mixed in thin trade ahead of the Eid al-Adha holiday.

Saudi Arabia was closed for Eid, and most other markets in the region will close starting Wednesday and reopen next week.

Egyptian shares got a slight boost from data showing that non-Arab institutional investors were net buyers of stocks.

In company news, DAMAC and du each declined as their ex-dividend dates passed.

Dubai's main index slipped 0.8% to 3,633 points, Abu Dhabi firmed 0.2% to 4,514 points, Qatar eased 0.3% to 11,434 points, Egypt added 0.8% to 7,347 points, Kuwait fell 0.08% to 5,754 points, Oman inched up 0.2% to 5,765 points and Bahrain firmed 0.2% to 1,278 points.

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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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