Monday 1 June 2015

UPDATE 1-MIDEAST STOCKS-Gulf markets narrowly mixed; Emaar, DSI support Dubai | News by Country | Reuters

UPDATE 1-MIDEAST STOCKS-Gulf markets narrowly mixed; Emaar, DSI support Dubai | News by Country | Reuters:



"Gulf markets were narrowly mixed in early trade on Monday, consolidating after large one-off fund flows caused by the rebalancing of MSCI's emerging markets index at the end of last week.



Dubai's index edged up 0.5 percent as most shares climbed on low volumes. Heavyweight Emaar Properties added 0.7 percent after its Egyptian unit announced the details of its upcoming initial public offer.



Engineering and construction firm Drake and Scull International rose 1.3 percent after it said its unit had won contracts worth 350 million dirhams ($95.3 million) in Oman."



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