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Tuesday, 28 February 2017

MIDEAST STOCKS-Dubai outperforms otherwise weak regional markets | Reuters

MIDEAST STOCKS-Dubai outperforms otherwise weak regional markets | Reuters:

"Dubai's stock index outperformed in an otherwise weak Gulf region in early trade on Tuesday as investors bought shares that had recently fallen.

The Dubai index added 0.5 percent, with advancing shares outpacing declining ones by 17 to three. Small-to-mid sized stocks were the top gainers, with Union Properties climbing 4.0 percent. Shares of telecommunications operator Etisalat, the largest stock on Abu Dhabi's exchange, fell 1.1 percent to be the main drag on the index, which was down 0.2 percent.

Qatar's index slipped 0.5 percent, weighed down by banking shares; Qatar National Bank fell 1.6 percent."



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