Dubai’s Shares Extend Loss on Bets Rally Overdone, Qatar Gains - Bloomberg

Dubai’s Shares Extend Loss on Bets Rally Overdone, Qatar Gains - Bloomberg:

"Dubai’s benchmark stock index fell, extending the declines of the past two weeks, on concern this year’s rally may be overdone. Shares in Qatar rose.
The DFM General Index (DFMGI) lost 0.3 percent at 2,816.6 at 12:24 p.m. in the emirate, paring the gain for the year to 74 percent. Gulf Navigation Holding PJSC (GULFNAV), the shipping company that transports oil and chemicals, was poised for its lowest close in two months. Aramex PJSC (ARMX), the United Arab Emirates’ biggest courier company, slid the most in two weeks, while Shuaa Capital PSC (SHUAA) retreated 3.8 percent. Qatar’s benchmark QE Index climbed 0.8 percent and Israel’s TA-25 Index (TA-25) advanced 0.6 percent."

'via Blog this'