MIDEAST STOCKS-Dubai ends rally; Bahrain drops on banks | Reuters:
"* Dubai edges down after six-day rally
* Bahrain pulled down by banks after merger called off
* Arab Banking Corp plunges as it goes ex-dividend
* Foreign institutions buy into Qatar's weakness
* Kuwait's Agility jumps after 2013 earnings
By Olzhas Auyezov
DUBAI, March 24 (Reuters) - Dubai's bourse ended a six-day rally on Monday as retail investors took profits, while banks dragged down Bahrain after a merger in the sector fell apart. The rest of the region was mixed.
The main Dubai market index opened higher but then moved into the red as heavyweight Emaar Properties slid 0.8 percent in low-volume trading. Other property-related names and small-cap stocks favoured by retail investors followed suit, and the index closed down 0.7 percent.
Some of Dubai's real estate names were still in the black, however; Union Properties rose 1.0 percent and Deyaar gained 0.8 percent."
'via Blog this'
No comments:
Post a Comment