Tuesday 16 February 2016

MIDEAST STOCKS-Rebound in oil, global equities lifts UAE but Qatar sags | Agricultural Commodities | Reuters

MIDEAST STOCKS-Rebound in oil, global equities lifts UAE but Qatar sags | Agricultural Commodities | Reuters:

"A return of some risk appetite to global equity markets and a recovery in oil prices helped lift United Arab Emirates bourses in early trade on Tuesday, while Qatar sagged after a sell-off in major blue chips.

Dubai's index rose 1.7 percent with Drake & Scull jumping 3.6 percent. Emaar Properties and DAMAC Properties added 3.1 and 2.1 percent respectively.

Over the past month Dubai's benchmark has outperformed its regional peers, but a week ago it started to lose steam as most companies have already reported quarterly earnings."



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