Tuesday, 18 December 2012

STOCKS NEWS MIDEAST-Profit-taking caps gains in UAE; Qatar ticks up - Yahoo! News Maktoob

Slight profit-taking weighs on bourses in the UAE, although some small-caps in Dubai respond well as they are
targeted by retail investors.
Mortgage lender Tamweel and National Central Cooling (Tabreed) climb 4.4 and 3.4 percent respectively. Both firms are often the target of retail traders.
Dubai's index eases 0.07 percent to 1,590 points, but is still up 17.5 percent year-to-date.
Abu Dhabi's benchmark slips 0.1 percent to 2,608 points, trimming 2012 gains to 8.6 percent. Dana Gas
and Abu Dhabi National Energy decline 2.2 and 3 percent respectively.

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