Wednesday 30 August 2017

MIDEAST STOCKS-Eshraq Properties shines on merger talk, Dubai firms

MIDEAST STOCKS-Eshraq Properties shines on merger talk, Dubai firms:

"Abu Dhabi developer Eshraq Properties rose on merger talk on Wednesday, outperforming an otherwise weak local stock index, while Dubai firmed on the back of gains in real estate firms. Eshraq jumped 2.4 percent on news that it is discussing a potential merger with an Abu Dhabi-based privately held investment firm, Reem Investments. The Abu Dhabi index was down 0.2 percent as most blue chip stocks fell."



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