Sunday 2 August 2015

MIDEAST STOCKS-Gulf mixed, DAMAC lifts Dubai ahead of results | Reuters

MIDEAST STOCKS-Gulf mixed, DAMAC lifts Dubai ahead of results | Reuters:



"Stock markets in the Gulf were narrowly mixed in early trade on Sunday as Dubai outperformed, supported by positive earnings and expectations.



The emirate's index rose 0.5 percent, supported by Dubai Islamic Bank, up 1.3 percent, and property developer DAMAC, which jumped 2.6 percent.



Dubai Islamic Bank beat analysts' forecasts with a 35 percent rise in second-quarter net profit last week and DAMAC said on Sunday its board would discuss second-quarter results and a dividend payout on Tuesday."



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