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Pin to quick picksFusion Antibody Share News (FAB)

Share Price Information for Fusion Antibody (FAB)

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Share Price: 3.40
Bid: 3.30
Ask: 3.50
Change: 0.00 (0.00%)
Spread: 0.20 (6.061%)
Open: 3.40
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Low: 3.40
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MIDEAST STOCKS-Gulf stocks muted, Saudi bourse closes up despite missile attacks

Mon, 26th Mar 2018 15:07

* Saudi's Ma'aden, Advanced Petrochemical pull in foreignfunds

* Middle East Healthcare climbs after Q4 earnings beat

* Dubai's Emaar recovers slightly from 21-month low

* First Abu Dhabi Bank reaches historic high

* Qalaa Holdings continues surge in Egypt

By Tom Arnold

DUBAI, March 26 (Reuters) - Middle Eastern stocks were mixedon Monday with investors in Saudi Arabia largely ignoring anapparent escalation in the country's three-year war with Yemen,after the conflict caused its first civilian death withinRiyadh.

The kingdom's air defences shot down seven ballisticmissiles fired by Yemen's Houthi forces late on Sunday, anddebris killed an Egyptian resident of Riyadh.

After initially slipping as much as 0.6 percent, SaudiArabia's main index recovered to close 0.2 percenthigher.

Saudi Arabian Mining Co (Ma'aden) was one of themain contributors to the rise, climbing 1.8 percent. Anotherblue chip, Advanced Petrochemical Co, rose 4.6percent; it will go ex-dividend on April 1.

Foreign funds have been flowing into Ma'aden and other Saudistocks in anticipation of Riyadh's expected entry into emergingmarket indexes late this year and next.

Middle East Healthcare climbed 3.3 percent afterthe company posted fourth-quarter net profit of 77.9 millionriyals ($20.8 million), beating SICO Bahrain's forecast of 63.7million riyals.

In Dubai, bellwether Emaar Properties was one ofthe main market movers, finishing 1.2 percent up. It had dropped2.7 percent to a 21-month closing low on Sunday beecause ofconcern about the outlook for the local property market.

Still, Dubai's index stock index closed 0.4 percentlower, with theme park operator DXB Entertainmentsfinishing 2.7 percent lower. The company reported a 1.12 billiondirham ($305 million) loss for last year after struggling tomeet its initial targets for visitor numbers.

The Qatari index lost 0.5 percent with Qatar FirstBank the most heavily traded stock for a second dayrunning. It closed 0.4 percent lower.

In Abu Dhabi, First Abu Dhabi gained 2.6 percent toits highest level since the stock began trading on the Abu Dhabibourse on April 1, 2017 after the merger of National Bank of AbuDhabi and First Gulf Bank.

The Egyptian index closed 0.7 percent higher withinvestment firm Qalaa Holdings the largest gainer,rising 10.0 percent. The stock, which traded near record lowslast year, has gained around 59 percent over the past month.

SAUDI ARABIA

* The index edged up 0.2 percent to 7,857 points.

DUBAI

* The index was down 0.4 percent to 3,104 points.

ABU DHABI

* The index was up 0.8 percent to 4,651 points.

QATAR

* The index shed 0.5 percent to 8,712 points.

EGYPT

* The index gained 0.7 percent to 1,7104 points.

KUWAIT

* The index was down 0.1 percent to 6,624 points.

BAHRAIN

* The index fell 0.7 percent to 1,326 points.

OMAN

* The index dropped 0.9 percent to 4,758 points.(Editing by Andrew Torchia/Mark Heinrich)

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