Tuesday 21 July 2015

MIDEAST STOCKS-Most markets up but Dubai slips near chart barrier | Reuters

MIDEAST STOCKS-Most markets up but Dubai slips near chart barrier | Reuters:



"Most stock markets in the Middle East rose slightly on Tuesday, supported by positive earnings and expectations, but Dubai slipped after jumping in the previous session and approaching technical resistance.



Dubai's index slipped 0.1 percent, with most stocks declining, although heavyweight bank Emirates NBD jumped 3.5 percent, extending its gains following the publication of strong second-quarter figures last week.



The Dubai benchmark touched an intraday high of 4,234 points, near technical resistance in the 4,240-4,253 point area, where it peaked in April and June."



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