Sunday 18 March 2018

MIDEAST STOCKS-Real estate weighs on Dubai in early trade, Saudi firm

MIDEAST STOCKS-Real estate weighs on Dubai in early trade, Saudi firm:

"Gulf stock markets were mixed in early trade on Sunday with the Dubai stock index pulled down by real estate and financial shares.

Dubai’s major developers Emaar Properties and DAMAC fell 1.5 percent and 1.9 percent respectively, while Dubai Islamic Bank shed 0.4 percent.

Courier Aramex gained 4.5 percent, however. A research note published by FAB Securities last week said the company was expected to grow in value given the strong momentum of e-commerce activity across the region."



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