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Monday, 15 August 2016

MIDEAST STOCKS-Dubai nears technical resistance, Qatar eases off nine-month peak | Reuters

MIDEAST STOCKS-Dubai nears technical resistance, Qatar eases off nine-month peak | Reuters:

"Firmer oil prices helped lift most stock markets in the Gulf early on Monday but Qatar's index pulled away from a nine-month high as investors took profits.

Dubai's index added 0.7 percent to 3,594 points, nearing technical resistance at its April peak of 3,605 points. Any break would point up to the October peak of 3,740 points.

Emaar Properties added 0.8 percent and DAMAC Properties, which fell 0.4 percent on Sunday after reporting a drop in second-quarter net income, rebounded 2.9 percent.

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