MIDEAST STOCKS-Saudi slips early on, Dubai's Emaar up after unit's IPO news | ZAWYA MENA Edition:
"Saudi Arabia's stock market edged down in early trade on Thursday while Dubai rose as its top real estate firm, Emaar Properties , gained after pricing the initial public offer of its local development unit. The Saudi index was 0.2 percent lower after 20 minutes as real estate firm Dar Al Arkan , the most heavily traded stock, sank 1.6 percent. It has been volatile in heavy volumes over the past week, after announcing strong quarterly earnings. Wednesday's 1.0 drop by the Saudi index raised doubts over the extent to which state-linked funds are still willing to support that market."
'via Blog this'
No comments:
Post a Comment