UPDATE 1-MIDEAST STOCKS-Construction shares tumble as Dubai hits 11-mth low | Reuters:
"Construction stocks headed losers as Dubai's index fell to an 11-month low on Sunday, while a drop in oil prices and expectations of declines on international bourses next week due to the attacks in Paris also spurred selling on Gulf markets.
Dubai's Drake & Scull plunged the maximum daily limit of 10 percent to an all-time low after the contractor reported a third-quarter net loss of 985 million dirhams ($268.18 million).
Builder Arabtec dropped 8.5 percent to take its losses to 85 percent from a May 2014 high since when several senior management have left. It has reported widening losses in the past four quarters including a third-quarter loss of 944.8 million dirhams last week."
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