MIDEAST STOCKS-Dubai heads for 12-day losing streak as Saudi rises | Reuters:
Dubai stocks looked on course for a 12th straight day of losses on Thursday as construction shares fell, while the Saudi market rose modestly. The Saudi index rose 0.2 percent, with the main support coming from property Developers Jabal Omar and Dar Al Arkan which jumped 4.3 percent and 1.5 percent respectively. Makkah Construction rose 2.1 percent. Jabal Omar and Makkah have projects around the Grand Mosque in Mecca and often rise at this time of year as occupancy rates peak during the annual Haj pilgrimage which is expected to start in August.
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