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Monday, 30 April 2018

MIDEAST STOCKS-Blue chips send Dubai, Saudi higher; other markets down | Reuters

MIDEAST STOCKS-Blue chips send Dubai, Saudi higher; other markets down | Reuters:

"Dubai and Saudi stock markets both rose on Monday backed by gains in key blue-chip stocks and strong corporate earnings, while Abu Dhabi and Qatar were down.

The Dubai index added 0.4 percent fueled by gains in property stocks and financials. Lender Emirates NBD was up 0.5 percent.

Emaar Properties jumped 1.4 percent, while its unit Emaar Development climbed 0.9 percent after the development firm recorded a net profit of 819 million dirhams ($223 million) in the first quarter of 2018, versus 506 million a year ago."



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