Monday 10 August 2015

MIDEAST STOCKS-Gulf markets consolidate in thin trade - Yahoo Maktoob News

MIDEAST STOCKS-Gulf markets consolidate in thin trade - Yahoo Maktoob News:



"Most Gulf stock markets moved very little in early trade on Monday as investors remained cautious with oil prices near a six-month low.



Dubai's index was flat as the most traded stock, Union Properties, was down 3.5 percent, which offset gains made by other securities.



The firm reported a 96 percent slump in second-quarter net profit on Sunday as revenue from property management and home sales shrank and its year-earlier earnings were swelled by property revaluations."



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