Dubai's Emaar Properties drags the emirate's bourse to a nine-day closing low after the developer's quarterly profit missed estimates, while Abu Dhabi's measure edges up to a 14-month high.
Shares in Emaar slip 1.8 percent. It posted a 4.7 percent drop in third-quarter net profit of 387 million dirhams,
significantly below the average forecast of five analysts of 516.2 million dirhams.
The index falls 0.5 percent to 1,641 points, its lowest finish since Oct. 15.
No comments:
Post a Comment