Thursday 21 May 2015

UPDATE 1-MIDEAST STOCKS-Dubai's Emaar rises as unit Amlak says to resume trade | News by Country | Reuters

UPDATE 1-MIDEAST STOCKS-Dubai's Emaar rises as unit Amlak says to resume trade | News by Country | Reuters:



"Dubai's Emaar Properties lifted the emirate's bourse in early trade on Thursday after Amlak Finance, in which it has a large stake, said trading in its shares would resume next month. Other Gulf markets also edged up.



Dubai's index added 0.5 percent as Emaar rose 0.7 percent after Islamic mortgage provider Amlak, whose shares have been suspended since November 2008, said it would resume trading on Dubai's main bourse on June 2.



Emaar has a 45 percent stake in Amlak, according to Thomson Reuters data."



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