MIDEAST STOCKS-Emaar leads Dubai gains; Egypt extends drop | Reuters:
"* Dubai's Emirates NBD rises after EFG Hermes upgrade
* Egypt extends correction following Sisi's presidential bid
* Cairo closes above intraday low, may have bottomed out
* Saudi Arabia makes modest gains after succession move
By Olzhas Auyezov
DUBAI, March 30 (Reuters) - Property stocks helped Dubai's bourse lead regional gains on Sunday, while Egypt fell for a second session since former army chief Abdel Fattah al-Sisi said he would run for president.
Dubai's index rose 1.3 percent to 4,438 points, its highest close since September 2008.
Shares in heavyweight Emaar rose 1.3 percent to 9.95 dirhams, a level last seen in August 2008. The developer's stock has rallied for the past two weeks after it hiked its annual dividend and said it would list its shopping malls unit.
Other real estate and construction companies, such as Union Properties, Deyaar, Drake and Scull and Atabtec Holding, were also in the black."
'via Blog this'
No comments:
Post a Comment