MIDEAST STOCKS-Dubai drops on retail profit-taking; Qatar at new high | Reuters:
"Dubai's bourse posted its biggest daily loss in a month on Sunday as retail investors booked profits, while Qatar's benchmark hit a new all-time closing high, buoyed in part by the imminent upgrade of the Gulf state to emerging market status.
Dubai's index dropped 3.1 percent and Emaar Properties and Emirates NBD were the main drags, down 1.9 and 3.2 percent, respectively.
But smaller names displayed more volatility. Arabtec fell 9.2 percent, Deyaar dropped 6.8 percent and Air Arabia was down 6.3 percent.
"We have some profit-taking in the market by retail investors... and I think institutional investors are not really present," said Sebastien Henin, head of asset management at The National Investor."
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