Sunday 27 December 2015

MIDEAST STOCKS-Blue chips push UAE, Qatar up in early trade | Reuters

MIDEAST STOCKS-Blue chips push UAE, Qatar up in early trade | Reuters:

"Blue chips pushed stock markets in the United Arab Emirates and Qatar higher early on Sunday, with a 2.8 percent jump by Emaar Properties boosting Dubai's index by 1.4 percent.

Trading volumes were modest with some foreign investors away for Christmas and New Year holidays, and aggressive buying deterred by uncertainty over the Saudi Arabian state budget, due to be announced on Monday afternoon.

Property stocks also supported the Abu Dhabi benchmark , which edged up 0.1 percent as Aldar Properties , the most heavily traded share, climbed 0.9 percent."



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