Sunday 6 July 2014

MIDEAST STOCKS-UAE mkts recover further; earnings, dividends lift Saudi | News by Country | Reuters

MIDEAST STOCKS-UAE mkts recover further; earnings, dividends lift Saudi | News by Country | Reuters:



"Blue-chip banks and property-related stocks, led by Dubai construction firm Arabtec , lifted markets in the United Arab Emirates on Sunday while earnings reports supported Saudi Arabia's bourse.



Dubai's main index jumped 4.4 percent as shares in Arabtec surged their daily 15 percent limit. Among other top gainers were bourse operator Dubai Financial Market and developer Union Properties, up 12.6 and 10.5 percent respectively. 




Emaar Properties, the emirate's largest listed developer, added 2.0 percent and Dubai Islamic Bank jumped 3.1 percent."



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