MIDEAST STOCKS-Gulf little moved; Dubai focuses on stabilising Amlak - Yahoo Maktoob News:
"Gulf stock markets were narrowly mixed in early trade on Monday, lacking strong catalysts. Trading in Dubai focused on Amlak Finance, which stabilised after heavy profit-taking.
Amlak recovered from early losses and rose 3.2 percent after tumbling by its daily limit of 10 percent for two sessions in a row. The stock, which had previously more than doubled within one week, accounted for 70 percent of traded value in Dubai on Monday morning, as the main index climbed 0.2 percent.
The company resumed trading this month after a six-year suspension over debt issues which it has finally resolved. But analysts have described its rally as a momentum play and not based on fundamentals."
'via Blog this'
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