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Thursday, 6 April 2017

MIDEAST STOCKS-Dubai insurance rises on Q1 expectations, Gulf stocks mixed | Reuters

MIDEAST STOCKS-Dubai insurance rises on Q1 expectations, Gulf stocks mixed | Reuters:

"Gulf shares were marginally lower on Thursday amid caution from investors ahead of companies reporting first quarter results.

Dubai insurance companies made strong gains by the close, lifted by investor bets on good results from the sector and market speculation on consolidation.

Dar Al Takaful Insurance jumped 14.84 percent at the closing bell, while Dubai Islamic Insurance and Re-insurance was up 9.64 percent. Islamic Arab Insurance rose 3.21 percent."



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