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Wednesday, 24 May 2017

MIDEAST STOCKS-DXBE, Emaar Malls underperform otherwise quiet region | Reuters

MIDEAST STOCKS-DXBE, Emaar Malls underperform otherwise quiet region | Reuters:

"Shares in companies linked to tourism underperformed in Dubai in an otherwise flat regional market in early trade on Wednesday. Dubai's theme park operator, and constituent of the MSCI emerging market benchmark, DXB Entertainments, lost 2.2 percent to 0.789 dirham, its lowest price since January 2015. Its shares been hit hard over the last few sessions, as investors expect Ramadan and hot summer weather may reduce footfall at its Dubai hotels and theme parks."



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