Tuesday 29 May 2018

MIDEAST STOCKS-Gulf stocks see limited gains, property shares weigh on Dubai | Reuters

MIDEAST STOCKS-Gulf stocks see limited gains, property shares weigh on Dubai | Reuters:

"Dubai shares were sluggish on Tuesday, dragged down by property stocks, while other Gulf markets closed in positive territory. Gains were modest amid very thin trading volumes during the holy month of Ramadan, a risk-off sentiment in foreign markets as well as slightly lower oil prices over the past few days. In Dubai where the index slipped 0.2 percent, property stocks such as Union Properties and blue-chip Emaar Properties lost 1.1 percent and 0.6 percent, respectively."



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