MIDEAST STOCKS-UAE markets nudge higher but blue chips hurt Qatar | Reuters:
"Stock markets in the United Arab Emirates edged up in quiet, early trade on Monday but Qatar slipped, weighed down by blue-chip real estate and utility companies.
Dubai's index was up 0.5 percent with GFH Financial , the most heavily traded stock, rising 2.8 percent, heading for its seventh straight session of gains. It has been rising sharply since Abu Dhabi Financial Group's capital markets arm, Integrated Capital, said on Wednesday it had increased its stake in GFH to 10 percent from 7.4 percent.
Construction firm Arabtec added 1.7 percent after it surged 8.3 percent on Sunday. The company reported a net loss of 360 million dirhams ($98.02 million) for the three months to Dec. 31, which was a deterioration from a year earlier but an improvement from the previous quarter."
'via Blog this'
No comments:
Post a Comment