DUBAI Feb 27 Stock markets in the Gulf look set
to move sideways on Monday with very few fresh factors,
domestically or internationally, to stimulate trade.
Low trading volumes and small ranges for most of the
region's markets on Sunday suggested some investors are holding
off on fresh activity, now that oil prices are stable and the
fourth-quarter earnings reporting season is over.
Brent oil futures are at $56.37 a barrel, in the
range of the last couple of months, while MSCI's broadest index
of Asia-Pacific shares outside Japan is flat.
In Saudi Arabia, activity has focused in recent days on
small and mid-sized shares and on real estate investment trusts
- on Sunday Al Jazira Maten REIT climbed 9.8 percent
and Riyad REIT gained 9.4 percent. That pattern may
continue for now.
Elsewhere, Qatar's Gulf International Services may
drop as the stock trades ex-dividend. The pay-out is 1 riyal per
(Reporting by Celine Aswad; Editing by Andrew Torchia)