Monday 15 February 2016

MIDEAST STOCKS-Real estate firms buoy Qatar, UAE sluggish | Reuters

MIDEAST STOCKS-Real estate firms buoy Qatar, UAE sluggish | Reuters:

"Real estate stocks buoyed Qatar's bourse early on Monday after strong earnings from United Development Co, while United Arab Emirates markets were mixed in sluggish trade.

Qatar's index climbed 0.8 percent as United Development, the most heavily traded stock, jumped 7.8 percent. It reported a 10.2 percent rise in 2015 net profit and recommended a dividend of 1.5 riyals per share, up from 1.25 riyals a year earlier.

Other real estate shares rose in sympathy, with Barwa Real Estate gaining 3.7 percent."



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