Thursday, 23 November 2017

MIDEAST STOCKS-Markets firm in early trade, Emaar continues rebound in Dubai

MIDEAST STOCKS-Markets firm in early trade, Emaar continues rebound in Dubai:

"Gulf stock markets generally firmed in early trade on Thursday with Emaar Properties continuing to rebound in Dubai from losses suffered in the run-up to its local development unit’s listing.

Dubai’s index climbed 0.8 percent as Emaar Properties added 1.3 percent to 7.90 dirhams, extending a recovery from technical support at 7.60 dirhams.

The stock slid ahead of Wednesday’s listing of Emaar Development because of fears that the debut could go badly."



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