Gulf markets mixed

Gulf stock markets were narrowly mixed in early trade on Thursday as investors tried to guess whether the US Federal Reserve would raise interest rates later in the day. Dubai's index climbed 0.5 per cent. Developer DAMAC, the most traded stock, rose 0.3 per cent and its larger competitor Emaar Properties climbed 0.5 per cent. Abu Dhabi's benchmark was 0.06 per cent lower as heavyweight telecommunications firm Etisalat fell 1.0 per cent. Qatar's market edged down 0.5 per cent as Qatar National Bank pulled back 1.5 per cent and Islamic lender Masraf Al Rayan fell 1.0 per cent. Kuwait's bourse slipped 0.2 per cent and Oman was nearly flat, according to Reuters.

--Shuvo--