Sunday 27 May 2018

MIDEAST STOCKS-Gulf stocks hit by real estate and bank reversal | Reuters

MIDEAST STOCKS-Gulf stocks hit by real estate and bank reversal | Reuters:

"Gulf markets made a tentative start to the week, with Dubai and Abu Dhabi stocks weighed down on Sunday by profit taking in property and banking shares, which made big gains last week. The Dubai index dropped 0.4 percent with shares in Emaar Properties down nearly 1 percent at 5.14 dirhams ($1.40). The stock had risen to an intraday high of 5.42 dirhams on May 21 after a decision of the United Arab Emirates to grant residency visas of up to 10 years to investors and specialists."



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