MIDEAST STOCKS-Drake & Scull leads Dubai index up, Qatar continues slide:
"Construction firm Drake & Scull led a rise in Dubai’s stock market index in early trade on Sunday while Qatar’s continued dropping to fresh five-year lows, weighed on by the sanctions imposed on Doha by other Arab states. The Dubai index rose 0.3 percent as Drake & Scull , the most heavily traded stock, surged 6.4 percent to 1.82 dirhams, its highest level since April. The stock has been rising sharply in heavy trade since last Wednesday, after it completed a capital restructuring that involved Tabarak Investment receiving 500 million new shares. Investment bank Shuaa Capital jumped 6.5 percent, also in unusually heavy trade."
'via Blog this'
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