MIDEAST STOCKS-Region mixed, property firms pull down Dubai:
"Middle East stock markets were mixed on Monday with property developers weighing on Dubai amid continued concern about ample new housing supply, while Qatar rose in anticipation of annual dividend announcements.
The Dubai index slipped 0.3 percent to 3,501 points as Emaar Properties dropped 0.4 percent, Deyaar lost 2.4 percent and Union Properties fell 0.7 percent.
In the last several days the index has tested but 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