Wednesday 3 January 2018

MIDEAST STOCKS-Gulf mostly rises as Emaar continues rebound; Egypt blue chips weak

MIDEAST STOCKS-Gulf mostly rises as Emaar continues rebound; Egypt blue chips weak:

"Most major Gulf stock markets rose on Wednesday as some buyers returned from New Year holidays, and shares in Dubai’s blue chip Emaar group rebounded for a second straight day. Egypt lagged, however, led lower by a few blue chips. Dubai’s index added 1.4 percent to 3,459 points in rising volume as Emaar Properties, which had surged 3.6 percent on Tuesday, gained a further 2.9 percent. Emaar Development jumped 3.8 percent and Emaar Malls added 1.8 percent."



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