Wednesday 26 December 2012

STOCKS NEWS MIDEAST-Small-caps lift Dubai; Qatar drops to 5-mth low - Yahoo! News Maktoob

Small-caps help lift Dubai's market as retail investors bet on stronger fourth-quarter earnings, while Qatar's
drops to its lowest closing level in near-five months. Dubai's Deyaar Properties jumps 5.6 percent and
Shuaa Capital surges 15 percent, the maximum daily gain.
"Retail investors are getting in, speculating on Q4 results... generally the market is quiet - most people are away," says Yousry Kassem, assistant vice-president of sales trading at EFG Hermes.
The emirate's index rises 0.6 percent to finish at 1,604 points, up for five sessions in last six. In neighboring Abu Dhabi, the benchmark sheds 0.4 percent to 2,619 points, down for a second session since Monday's two-week high.

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