MIDEAST STOCKS-UAE, Qatar mkts close off lows as profit-taking eases | Reuters

MIDEAST STOCKS-UAE, Qatar mkts close off lows as profit-taking eases | Reuters:



"* Investors in UAE, Qatar book profits for second day



* But markets close well above intra-day lows



* Dubai ends in positive territory



* Kuwait's Gulf Bank falls after missing Q1 estimates 




* Saudi bourse edges up after three days of losses



By Olzhas Auyezov

DUBAI, April 14 (Reuters) - Investors in Dubai, Abu Dhabi and Qatar booked profits for a second day on Monday as global markets remained gloomy and tension grew between Russia and the West over Ukraine. But all three bourses later recovered to different degrees.



After opening slightly higher, the three bourses dipped along with Asian and European markets as Ukraine threatened military action against pro-Russian separatists occupying government buildings in the east of the country.



However, towards the end of the day the Gulf markets started recovering and they closed well off their intra-day lows.



Dubai's index, which dived as much as 2.2 percent to 4,656 points during the session, closed up 0.08 percent at 4,763 points as renewed buying lifted heavyweight Emaar Properties 0.5 percent. Several Dubai property and construction names also rose."



'via Blog this'