Sunday, 2 September 2012

STOCKS NEWS MIDEAST-UAE mkts give back gains; Qatar slips - Yahoo! News Maktoob

UAE bourses give back earlier gains as investors look for new catalysts to increase risk and regional and foreign
institutional selling pushes Qatar's market lower.
Dubai's bellwether Emaar Properties sheds 0.9 percent, engineering firm Drake and Scull falls 1.3 percent and contractor Arabtec slips 0.4 percent.
"Some over-bought names are pulling back slightly and until Q3 earnings, there isn't any regional catalyst," says Amer Khan, fund manager at Shuaa Asset Management.

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