Thursday 17 May 2012

STOCKS NEWS MIDEAST-Emaar leads Dubai up; sustained rebound unlikely - Yahoo! News UK

Dubai's Emaar Properties rises to help the emirate's index rally from the previous day's 15-week low, but a sustained market rebound is unlikely as trading volumes slump ahead of the summer.
Bellwether Emaar climbs 1 percent, while Tabreed and Dubai Financial Market add 3.4 and 2.5 percent
respectively. The latter pair account for more than half of all shares traded.
Dubai's index climbs 0.4 percent to 1,472 points, extending its year-to-date gains to 8.8 percent.

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