Thursday 17 December 2015

MIDEAST STOCKS-Property stocks lift Dubai, Etisalat weighs on Abu Dhabi | Reuters

MIDEAST STOCKS-Property stocks lift Dubai, Etisalat weighs on Abu Dhabi | Reuters:

"Property-related stocks led gains in Dubai on Thursday as the emirate's index rose for a fourth session since slumping to a two-year low, tracking buoyant Asian markets.

Dubai, typically the most volatile Gulf market, has been the region's worst performer in 2015, Thursday's 1.5 percent rise trimmed this year's losses to 19.6 percent.

"Turnover has been still lagging for the past couple of weeks, but if the market performs better turnover will also start to increase," said Marwan Shurrab, director at Vision Investments and Holding in Dubai.

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