Tuesday, 15 May 2018

MIDEAST STOCKS-Emaar sends Dubai up; other markets close mixed | Reuters

MIDEAST STOCKS-Emaar sends Dubai up; other markets close mixed | Reuters:

"Dubai led a rise in United Arab Emirates (UAE) markets on Tuesday, closing more than 1 percent up, backed by solid gains in blue chips, while Saudi and Qatar reversed earlier gains and closed on a slightly negative note. The Dubai index closed 1.1 percent up on a 7 percent jump by Dubai Investments which rebounded after hitting a two-year low last week. Heavyweight Emaar Properties offered major support, rising 2.6 percent and maintaining an uptrend for a second day from a two-year low."



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