UPDATE 1-MIDEAST STOCKS-Aldar pulls down Abu Dhabi, Barwa buoys Qatar - Zawya:
"Stock markets in the United Arab Emirates fell in early trade on Sunday in response to global cues, after U.S. markets dropped at the end of last week on Argentina's debt crisis, confusion over U.S. monetary policy and geopolitical tensions.
The main Abu Dhabi index was down 0.6 percent after an hour of trade. Aldar Properties, the most heavily traded stock, sank 2.7 percent after it reported a 168 percent year-on-year jump in its second-quarter net profit, excluding one-time merger gains in the corresponding period last year. That was in line with analysts' estimates.
Dubai's index fell 0.4 percent with real estate developers generally weak; Emaar Properties, which is expected to announced its second-quarter earnings as soon as on Sunday, dropped 0.5 percent."
'via Blog this'
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