{"id":81549,"date":"2017-01-25T14:54:51","date_gmt":"2017-01-25T12:54:51","guid":{"rendered":"http:\/\/www.arabtelegraph.com\/?p=81549"},"modified":"2017-01-25T14:54:51","modified_gmt":"2017-01-25T12:54:51","slug":"mideast-stocks-gulf-mostly-firm-saudi-and-kuwait-continue-uptrends","status":"publish","type":"post","link":"https:\/\/www.arabtelegraph.com\/?p=81549","title":{"rendered":"MIDEAST STOCKS-Gulf mostly firm, Saudi and Kuwait continue uptrends"},"content":{"rendered":"<p dir=\"ltr\"><strong>Gulf stock markets were mostly firm in early trade on Wednesday with Saudi Arabia and Kuwait leading the region up, as they have for several days.<span id=\"midArticle_byline\"><\/span><\/strong><\/p>\n<p dir=\"ltr\">The Saudi index climbed 0.7 percent in the first hour. Builder Khodari, which has been strong in the past week on expectations for a better Saudi construction market this year as austerity steps slow, surged 4.8 percent.<\/p>\n<div class=\"teads-inread\" dir=\"ltr\">Kuwait&#8217;s index gained 0.8 percent in heavy trade with activity focused on real estate companies; Abyaar Real Estate jumped 6.9 percent.<\/div>\n<p dir=\"ltr\">In Dubai, the index edged up 0.2 percent as Dubai Islamic Bank added 1.2 percent after posting a 58.4 percent increase in fourth-quarter net profit to 1.37 billion dirhams ($373 million), above analysts&#8217; average forecast of 850.4 million dirhams.<\/p>\n<p dir=\"ltr\">But real estate firm Deyaar dropped 3.2 percent after quarterly profit fell to 48.3 million dirhams, a 52.4 percent decline.<\/p>\n<p dir=\"ltr\">Weakness in a few blue chips pulled down Abu Dhabi&#8217;s index , which lost 1.2 percent. National Bank of Abu Dhabi slid 1.4 percent and telecommunications firm Etisalat sank 1.4 percent.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gulf stock markets were mostly firm in early trade on Wednesday with Saudi Arabia and Kuwait leading the region up, as they have for several days. The Saudi index climbed 0.7 percent in the first hour. Builder Khodari, which has been strong in the past week on expectations for a better Saudi construction market this &hellip;<\/p>\n","protected":false},"author":3,"featured_media":81556,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[36],"tags":[],"class_list":["post-81549","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-te-public"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>MIDEAST STOCKS-Gulf mostly firm, Saudi and Kuwait continue uptrends - Arab Telegraph<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.arabtelegraph.com\/?p=81549\" \/>\n<meta property=\"og:locale\" content=\"ar_AR\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"MIDEAST STOCKS-Gulf mostly firm, Saudi and Kuwait continue uptrends - Arab Telegraph\" \/>\n<meta property=\"og:description\" content=\"Gulf stock markets were mostly firm in early trade on Wednesday with Saudi Arabia and Kuwait leading the region up, as they have for several days. 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