Thursday 13 August 2015

MIDEAST STOCKS-Gulf markets consolidate after oil steadies | Reuters

MIDEAST STOCKS-Gulf markets consolidate after oil steadies | Reuters:



"Gulf stock markets moved very little in early trade on Thursday after oil prices and global equities steadied, but poor second-quarter results dragged down some stocks.




Dubai's index slipped 0.3 percent and Islamic mortgage lender Amlak Finance was one of the most traded stocks, falling 0.9 percent after it reported an 87 percent drop in second-quarter net profit.



Developer Emaar Properties, Amlak's biggest shareholder, fell 1.1 percent."



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