Monday 30 April 2018

MIDEAST STOCKS-Dubai lifted by Emaar Dev earnings, weak oil depresses other markets | Reuters

MIDEAST STOCKS-Dubai lifted by Emaar Dev earnings, weak oil depresses other markets | Reuters:

"Dubai shares rose on Monday, helped by strong earnings at Emaar Development and outperforming the Gulf region, where most markets weakened amid a slight correction in oil prices and selective profit-taking.

Oil dipped after a rising rig count in the United States pointed to higher production there, but markets held near their highest in more than three years.

The Dubai index added 0.6 percent, fuelled by gains in property stocks and financials. Lender Emirates NBD was up 0.9 percent."



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