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Monday, 25 July 2016

MIDEAST STOCKS-UAE firm but Saudi weighed down by petrochemicals | Reuters

MIDEAST STOCKS-UAE firm but Saudi weighed down by petrochemicals | Reuters:

"Gulf bourses diverged in early trade on Monday with the two main bourses in the United Arab Emirates recovering from losses on the previous day but Riyadh's stock index dragged lower by petrochemicals.

Abu Dhabi's index climbed 0.4 percent with real estate developer and property rental manager Eshraq Properties , the most heavily traded stock on the bourse, adding 1.4 percent.

But real estate advisory firm JLL reported that after 18 months of relatively stable conditions, Abu Dhabi's real estate market was starting to show initial signs of weakness."



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