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Monday, 6 February 2017

MIDEAST STOCKS-Dubai outperforms early on in otherwise lethargic Gulf | Reuters

MIDEAST STOCKS-Dubai outperforms early on in otherwise lethargic Gulf | Reuters:

"Most stock markets in the Gulf moved little in early trade on Monday because of flat global equity markets and crude oil prices, but Dubai outperformed on the back of advances in mid-to-large sized companies. Dubai's index added 0.5 percent as Emaar Properties gained 0.8 percent after saying it would recover 1.22 billion dirhams ($332 million) from an insurance claim for a fire that engulfed one of its hotels, The Address Downtown, on New Year's Eve 2015. But GFH Financial Group droppped 3.9 percent after announcing plans for a big increase in share capital to fund a new growth strategy of acquiring financial institutions and infrastructure investments."



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