Tuesday 30 June 2015

MIDEAST STOCKS-UAE markets stabilise, Qatar soft in early trade | Reuters

MIDEAST STOCKS-UAE markets stabilise, Qatar soft in early trade | Reuters:



"United Arab Emirates stock markets stabilised in early trade on Tuesday because of light bargain hunting in real estate-related stocks and other shares, despite an uncertain global environment. Qatar's market was slightly lower.



The Greek crisis and soft oil prices deterred any aggressive buying, but Dubai's index edged up 0.1 percent after three days of falls. Mortgage provider Amlak Finance climbed 4.4 percent.



Abu Dhabi's index was up 0.02 percent as Aldar Properties gained 0.8 percent. Qatar's market slipped 0.2 percent as Ezdan Holding, the most heavily traded stock, lost 0.5 percent after a strong run-up earlier in June."



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