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Monday, 29 May 2017

MIDEAST STOCKS-Gulf mixed in early trade, low-priced shares boost Dubai | Reuters

MIDEAST STOCKS-Gulf mixed in early trade, low-priced shares boost Dubai | Reuters:

"Gulf stock markets were mixed in quiet, early trade on Monday with low-priced shares favoured by local retail investors lifting Dubai's bourse. The Dubai index added 0.6 percent. The four most active stocks were worth less than 1 dirham each, with Union Properties, the most heavily traded stock, gaining 0.8 percent. Amusement park operator DXB Entertainments, whose slide this year has weighed heavily on the Dubai market, edged up 0.9 percent after it said chief executive Raed Kajoor al- Nuaimi had been appointed CEO of a new entity that will manage development projects for Dubai Holding and Meraas Holding. Nuaimi will remain CEO of DXBE until a new CEO is appointed, the company said without elaborating."



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