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Tuesday, 7 March 2017

MIDEAST STOCKS-Emaar pulls down Dubai, ex-dividend shares hit Qatar | Reuters

MIDEAST STOCKS-Emaar pulls down Dubai, ex-dividend shares hit Qatar | Reuters:

"Most Gulf stock markets fell in early trade on Tuesday with blue chip Emaar Properties pulling down Dubai and Qatar's index sinking as two major stocks went ex-dividend.

Dubai's index slipped 1.0 percent as Emaar lost 3.3 percent after it proposed a cash dividend of 15 percent for 2016, unchanged from the previous year despite a 28 percent rise in annual net profit.

Also, loss-making construction firm Arabtec dropped 2.1 percent, partially erasing Monday's 6.4 percent jump."



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