MIDEAST STOCKS-Real estate, construction drag Dubai down, Saudi rises | Reuters:
Real estate and construction companies continued to weigh on the Dubai market on Wednesday as Drake & Scull (DSI) extended losses and the Abu Dhabi market also dropped. DSI shares plunged 10 percent for a third consecutive day to close at 0.73 dirhams ($0.19) per share, its lowest ever. The shares are down 68 percent so far this year as retail investors have offloaded the stock amid concerns about its business outlook and investors worried about the outcome of an investigation into its former management team.
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