Tuesday 9 June 2015

MIDEAST STOCKS-Dubai's Amlak nearly doubles within week; most Gulf mkts slip | Reuters

MIDEAST STOCKS-Dubai's Amlak nearly doubles within week; most Gulf mkts slip | Reuters:



"Gulf stock markets were mostly weaker in early trade on Tuesday but Dubai mortgage lender Amlak Finance surged again in heavy trade, catching up with the wider market after its lengthy suspension from trade.



Brent oil edged up towards $63 per barrel on hopes of more economic stimulus in China after disappointing data from the world's No.2 economy. Oil traded above $63 when most Gulf markets closed on Monday.



Dubai's index edged down 0.4 percent as buyers focused on Amlak, which is not part of the benchmark."



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