Dubai's market halted two days of sharp declines on Thursday as fresh buying at lower entry levels lifted stocks, while Egyptian shares dipped on nerves ahead of a demonstration planned for the weekend.
Dubai's index climbed 0.2 percent, after having fallen on profit-taking since Tuesday's 16-month high. On Wednesday it plunged 4.8 percent, its biggest drop in more than two years. The benchmark is up 19 percent this year.
Large-caps supported the benchmark, with top lender Emirates NBD up 3.3 percent and Emaar Properties climbing 0.7 percent. Dubai Financial Market rose 7.6 percent.
No comments:
Post a Comment