MIDEAST STOCKS-Gulf bourses slip; few positive factors | Reuters:
"Stock markets in the Gulf fell moderately in early trade on Monday with few fresh, positive factors to trigger buying.
Dubai's index lost 0.9 percent in the first hour. Emaar Properties rose at the opening but subsequently dropped 0.9 percent; on Sunday, it reported a 17 percent rise in first-quarter net profit to 1.21 billion dirhams ($330 million). SICO Bahrain had forecast 1.22 billion dirhams.
GFH Financial fell 1.1 percent after it said it had signed a preliminary letter of intent with Abu Dhabi's Eshraq Properties, under which GFH might sell real estate assets to Eshraq in exchange for Eshraq shares. Eshraq dropped 2.4 percent and was Abu Dhabi's most heavily traded stock."
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