MIDEAST STOCKS-Gulf sluggish, property firms weigh on Dubai:
"Gulf stock markets were sluggish in early trade on Monday with real estate developers weighing on Dubai because of continued concern about the impact of ample supply of new homes on the sector.
The Dubai index lost 0.6 percent to 3,492 points as Emaar Properties dropped 0.8 percent and Deyaar and Union Properties both fell 0.7 percent.
In the last several days the index has tested and failed to break resistance around 3,540 points, where the market bottomed last October - a negative short-term technical signal."
'via Blog this'
No comments:
Post a Comment