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Sunday, 23 July 2017

MIDEAST STOCKS-Dubai outperforms quiet region as Amlak leaps

MIDEAST STOCKS-Dubai outperforms quiet region as Amlak leaps:

"Dubai's stock market outperformed a quiet region in early trade on Sunday as Islamic finance firm Amlak jumped for a second straight day in very heavy trade.

The Dubai index added 0.6 percent as Amlak surged 8.0 percent to a four-month high of 1.21 dirhams and was the market's most active stock, accounting for nearly a quarter of turnover.

It rose above its 200-day average, now at 1.14 dirhams, for the first time since February. On Thursday, it had soared 14.3 percent."



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