Monday 20 July 2015

MIDEAST STOCKS-UAE markets rise ahead of Q2 results | Reuters

MIDEAST STOCKS-UAE markets rise ahead of Q2 results | Reuters:



"Property companies lifted Dubai's stock market on Monday and banks supported Abu Dhabi as expectations for positive second-quarter results boosted both sectors.



Dubai's index jumped 2.0 percent to a four-week closing high of 4,184 points and the emirate's largest listed developer, Emaar Properties, was the main support, adding 2.3 percent.



The company has yet to report second-quarter results, but another Dubai developer, Deyaar, posted a 37.5 percent jump in quarterly profit last week."



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