Thursday 28 June 2018

MIDEAST STOCKS-Dubai recovers from 11-day losing streak; Saudi flat | Reuters

MIDEAST STOCKS-Dubai recovers from 11-day losing streak; Saudi flat | Reuters:

Dubai stocks closed on a positive note on Thursday after 11 straight days of losses, while the Saudi market was flat as investors held back from taking new positions ahead of announcements of second quarter company results. The Dubai index inched up 0.2 percent, recovering from a course of unbroken declines since it recorded a two-month high on June 12. Main support came from Union Properties which jumped 9.3 percent and Dubai Commercial Bank which rose 5.0 percent.

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