Wednesday 31 January 2018

MIDEAST STOCKS-Gulf weak in early trade, real estate pulls down Dubai

MIDEAST STOCKS-Gulf weak in early trade, real estate pulls down Dubai:

"Gulf stock markets were mostly weak in early trade on Wednesday with real estate shares pulling down Dubai and petrochemicals weighing on Saudi Arabia. The Dubai index was 1.0 percent lower as blue chip Emaar Properties sank 2.2 percent; Union Properties , Deyaar and DAMAC also slid. Dubai Islamic Bank, which had tumbled 4.6 percent on Tuesday after announcing plans for a new share issue, fell a further 1.4 percent."



'via Blog this'

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