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Monday, 6 March 2017

MIDEAST STOCKS-Gulf mixed as Arabtec buoys Dubai while ex-dividend Barwa hits Qatar | Reuters

MIDEAST STOCKS-Gulf mixed as Arabtec buoys Dubai while ex-dividend Barwa hits Qatar | Reuters:

"Stock markets in the Gulf closed with mixed fortunes on Monday, with a rebound by financially troubled builder Arabtec boosting Dubai while Barwa Real Estate pulled down Qatar as the company went ex-dividend. Dubai's index added 0.4 percent as Arabtec , the most heavily traded stock, surged 6.4 percent on the three-year recovery plan outlined by the loss-making company late last week, including disposals of non-core assets. Six of Dubai's other most active stocks fell on Monday and two were flat."



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