MIDEAST STOCKS-Most Gulf markets weak but Dubai, Saudi rise | Agricultural Commodities | Reuters:
" Dubai, lifted by property-related stocks, and Saudi Arabia, supported by food producer Almarai, were the only gaining share markets in an otherwise weak Gulf on Sunday.
The main Dubai index climbed 0.6 percent, largely on the back of real estate developer Emaar Properties and builder Arabtec Holding.
Trading volume was moderate, however, and fell by about 40 percent from Thursday's level - possibly a sign that some investors have started withdrawing from the market in anticipation of a downward correction after this year's huge gain of 52 percent.
Shares in Emaar, which fell 1.4 percent in the previous session after the firm's annual shareholder meeting did not hike the 2013 dividend beyond the board's proposal as some investors had hoped, closed up 1.9 percent. At 11.00 dirhams, the stock came close to the six-year high of 11.15 dirhams which it hit last week."
'via Blog this'
No comments:
Post a Comment