MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh

 MIDEAST STOCKS Major Gulf bourses end mixed as global recovery concerns weigh

An investor monitors a screen displaying stock information at the Abu Dhabi Securities Exchange June 25, 2014./File Photo

Oct 4 (Reuters) – Major stock markets in the Gulf region ended mixed on Monday, amid concerns about a recovery in the global economy, although rising oil prices provided some support.

GCC stock markets moved in different directions as investors remain worried about the global economic slowdown and how more durable inflation will have an impact on monetary policy, said Wael Makarem, senior market strategist at Exness.

World stocks were on the back foot on concerns that higher inflation, supply shortages and China’s property sector woes would put global economic recovery at risk. read more

In Abu Dhabi, the index (.ADI) fell 0.3%, hit by a 1.2% fall in the country’s largest lender First Abu Dhabi Bank (FAB.AD) and a 0.4% decrease in Alpha Dhabi Holding (ALPHADHABI.AD).

However, ADNOC Drilling (ADNOCDRILL.AD) extended…

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