Monday 4 June 2018

MIDEAST STOCKS-Dubai, Qatar lead gains in most Gulf markets | Reuters

MIDEAST STOCKS-Dubai, Qatar lead gains in most Gulf markets | Reuters:

"Gulf markets mostly ended higher on Monday, led by Dubai and Qatar and fueled by by heavyweight stocks, while Saudi market stayed firm for the second straight day following appointment of new market-friendly labour minister. The Dubai index jumped 1.6 percent, on a 2.6 percent gain by the market’s largest listed developer, Emaar Properties, which hit a one-month high, closing at 5.4 dirhams. Shares in DAMAC Properties reached a four-week high, rising 2.6 percent to 2.4 dirhams."



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