Friday 6 April 2012

MIDEAST STOCKS-Dubai leads Gulf declines; Egypt dips on uncertainty | Reuters

Dubai's bourse slipped on Thursday from a five-week high as most Gulf markets closed lower amid a weak global backdrop and Egyptian stocks eased as concerns lingered that an emboldened Muslim Brotherhood could deepen political instability.

Dubai's index finished 1 percent lower, trimming year-to-date gains to 24.6 percent.

Developer Deyaar and National Central Cooling (Tabreed) falling 3.7 and 7.8 percent respectively, and contractor Arabtec shed 3.6 percent.

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