Tuesday 19 June 2018

MIDEAST STOCKS-Dubai slips on Emaar and Air Arabia, Abu Dhabi posts modest gains | Reuters

MIDEAST STOCKS-Dubai slips on Emaar and Air Arabia, Abu Dhabi posts modest gains | Reuters:

"Dubai stocks were down in morning trade on Tuesday, hit by weakness in key property stocks and extended losses in Air Arabia, but Abu Dhabi stocks posted modest gains, coming back from bank-led selling a day earlier. Riyadh, the region’s biggest stock market, and Qatar are closed for holidays to mark the Muslim festival of Eid. Dubai’s index was down 0.3 percent. Shares of Air Arabia were down about 1 percent, after falling sharply a day earlier on concerns about its exposure to private equity firm Abraaj, which has filed for provisional liquidation."



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