Google+ Followers

Tuesday, 18 April 2017

MIDEAST STOCKS-Dubai outperforms in broad rally, most of Gulf sluggish | Reuters

MIDEAST STOCKS-Dubai outperforms in broad rally, most of Gulf sluggish | Reuters:

"Dubai's stock market rose in a broad-based rally on Tuesday while other Gulf bourses were sluggish, with Saudi Arabian banks trading mixed after first-quarter earnings announcements. The Dubai index rose 0.9 percent to 3,496 points, rebounding from near technical support on its March low of 3,435 points. Nine of the 10 most heavily traded stocks gained with GFH Financial, the most active, adding 2.7 percent. Emaar Properties climbed 3.3 percent as an executive said its Address Downtown hotel in Dubai, which was damaged in a New Year's Eve fire in 2015, was on track to reopen in the fourth quarter."



'via Blog this'