Tuesday 27 October 2015

MIDEAST STOCKS-Gulf markets consolidate; Dubai real estate firms weak | Reuters

MIDEAST STOCKS-Gulf markets consolidate; Dubai real estate firms weak | Reuters:

"Gulf stock markets consolidated in modest volumes early on Tuesday, dampened by weak oil prices and global equities.

Dubai's index edged down 0.4 percent as second-tier property developer Deyaar fell 2.4 percent after reporting a 38 percent slump in profit. Peer Union Properties dropped 1.9 percent.

Abu Dhabi climbed 0.4 percent as National Bank of Ras al Khaimah added 1.8 percent; it reported roughly flat profit for the third quarter compared to a year earlier."



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