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Thursday, 6 April 2017

MIDEAST STOCKS-Gulf stocks mixed, Dubai lifted by insurance sector | Reuters

MIDEAST STOCKS-Gulf stocks mixed, Dubai lifted by insurance sector | Reuters:

"Gulf shares were mixed on Thursday amid lacklustre trade as investors wait for earnings season, while insurance stocks lifted Dubai's index as investors bet on gains for the companies after a mandatory health insurance plan was enforced.

In Dubai, Dar Al Takaful insurance company led the gains, up 14.8 percent. Dubai Islamic Insurance was up 7.95 percent, as investors bet on stronger first-quarter earnings for the sector.

Dubai Health Authority announced at the end of March that 99 percent of residents are now covered by its new mandatory health insurance plan."



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