DUBAI: United Arab Emirates stock markets were narrowly mixed in thin, early trade on Sunday as they reopened after a break for Eid Al-Adha, with no major corporate news to move shares and the global market environment slightly negative.
The Dubai stock index was up 0.2 percent, with the most heavily traded stock, builder Arabtec, flat. Dubai Parks and Resorts gained 2.5 percent in thin volume after local press coverage of attractions at the theme parks which it plans to open next year.
The Abu Dhabi index edged up 0.01 percent, with blue chip Abu Dhabi Commercial Bank adding 0.4 percent.
Oman’s stock market <. drifted up 0.3 percent, but most major Middle East bourses remain closed for Eid, with Saudi Arabia and Qatar due to reopen on Tuesday and Egypt on Monday.
Since Gulf markets shut for Eid last Tuesday, Brent oil has edged down nearly 1 percent to $48.60 a barrel, while MSCI’s all-country world equities index has dropped 0.6 percent.