Sunday 26 July 2015

MIDEAST STOCKS-Dubai falls, Emirates NBD the main drag | Reuters

MIDEAST STOCKS-Dubai falls, Emirates NBD the main drag | Reuters:



"Dubai's stock market edged down in early trade on Sunday while other bourses in the region moved little against a mixed background of positive earnings expectations and poor performance by global commodities and equities.



The Dubai benchmark fell 0.8 percent as all but a handful of stocks declined. Lender Emirates NBD, down 2.3 percent, was the main drag on the index and the most traded stock. It had risen 10.4 percent last week on strong second-quarter results.



Air Arabia was one of the few gainers, climbing 1.2 percent. The low-cost carrier, which has yet to post quarterly earnings, may benefit from cheaper oil and fuel."



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