Wednesday 13 June 2018

MIDEAST STOCKS-Dubai gains on demand for bank stocks, Abu Dhabi falls | Reuters

MIDEAST STOCKS-Dubai gains on demand for bank stocks, Abu Dhabi falls | Reuters:

"Dubai stocks opened higher in response to selective buying in financial services companies such as Dubai Islamic Bank, but other Gulf markets were mixed with Abu Dhabi falling on profit taking in First Abu Dhabi Bank, while Qatar was flat. Saudi Arabia, the region’s biggest stock market, was closed for holidays during the Muslim festival of Eid, which marks the end of Ramadan. The Dubai index rose 0.1 percent, helped by a 0.6 percent gain in Dubai Islamic Bank (DIB) on optimism about its rights issue."



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