MIDEAST STOCKS-Property lifts Dubai, Saudi eases on weak oil | Reuters:
Gains in shares of property and contracting firms lifted Dubai stocks in early trade on Monday, but other Gulf markets were weak on concerns about the outlook for oil prices. Oil prices fell by more than 1 percent on Monday as supplies from top exporter Saudi Arabia rose, while additional pressure came from U.S. President Donald Trump tweet over the weekend that Saudi Arabia’s King Salman had agreed to produce more oil. Dubai shares traded 0.3 percent higher lifted by a 0.4 percent rise Emaar Properties and a 2.4 percent gain in contractor Arabtec.
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