Thursday 5 July 2018

MIDEAST STOCKS-Dubai index edges up on blue chips, Saudi index slips | ZAWYA MENA Edition

MIDEAST STOCKS-Dubai index edges up on blue chips, Saudi index slips | ZAWYA MENA Edition:

Gains in shares of blue-chip property and contracting firms lifted Dubai stocks in early trade on Thursday, while Saudi stocks slipped and other Gulf markets were mixed.

Oil prices fell on Thursday after U.S. President Donald Trump sent a strident tweet demanding that OPEC cut prices for crude, compounding jitters in global financial markets before a U.S. deadline to impose tariffs on Chinese imports. 

Dubai index was up 0.3 percent in early trade, with Emaar Properties trading 1.4 percent higher and DAMAC Properties up 1.9 percent.

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