Tuesday 2 January 2018

MIDEAST STOCKS-Gulf markets little changed in early trade | ZAWYA MENA Edition

MIDEAST STOCKS-Gulf markets little changed in early trade | ZAWYA MENA Edition:

"Gulf stock markets were little changed in early trade on Tuesday as most opened for the first time in 2018, as Dubai shipper Gulf Navigation fell sharply on news of a rights issue. The Dubai index edged up 0.1 percent as Gulf Navigation dropped 3.1 percent. The company's board raised issued and paid-up capital by 448.3 million dirhams ($122.2 million) to 1 billion dirhams. All stocks in the blue chip Emaar stable rose, with flagship Emaar Properties gaining 1.4 percent. "



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