MIDEAST STOCKS-Builders boost Dubai, Saudi edges up in early trade | ZAWYA MENA Edition:
"Gulf stock markets were generally sluggish in early trade on Thursday although Saudi Arabia edged up and Dubai was boosted by strength in construction stocks.
The Dubai index added 0.6 percent as Drake & Scull, the most heavily traded stock, surged 4.1 percent to 2.29 dirhams, which would be its highest close since April 2016.
The construction company posted a big third-quarter loss but investors are hoping for much better fourth-quarter results now that a recapitalisation has been completed, which may help it obtain operating funds. "
'via Blog this'
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