Tuesday 7 June 2016

MIDEAST STOCKS-UAE and Qatar gain ground as global mood improves | Reuters

MIDEAST STOCKS-UAE and Qatar gain ground as global mood improves | Reuters:

"An improved mood in global markets lifted bourses in the United Arab Emirates and Qatar on Tuesday as Asian stocks hit five-week high and Brent crude oil held above $50 a barrel.

Dubai's stock index climbed 0.9 percent, with three quarters of the traded stocks advancing by midday.

Union Properties climbed 3.5 percent after the company secured a loan to finance development of a mid-to-upscale gated community in Dubai's MotorCity."



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