Sunday 29 April 2012

STOCKS NEWS MIDEAST-UAE property stocks rally; mkts end mixed - Yahoo! News UK

Shares in UAE property firms close higher after three developers post increased first-quarter profits, while the
country's bourses end mixed.
Dubai's index falls 0.8 percent to 1,639 points, its eighth decline in 10 sessions to trim its 2012 gains to 21.1 percent.
Builder Arabtec is the main drag, falling 4.7 percent as investors book recent gains. The stock is up 115.7 percent year-to-date, rallying again last week amid new contract wins.

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