17-05-2016 07:46 via rocketnews.com

MIDEAST STOCKS-Gulf may trade narrowly, supported by oil

DUBAI, May 17 (Reuters) – Gulf bourses may trade narrowly on Tuesday as oil prices remain firm but there is a lack of other news to stimulate activity.
Brent crude futures are up 0.5 percent at $49.22 a barrel, near a six-month high of $49.47 reached on Monday. Asian shares have recovered from two-month lows after a rebound in technology giant Apple and oil price gains boosted Wall Street.
But Gulf markets have been trading narrowly over the last week in modest volumes, and activity may no
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