MIDEAST STOCKS-Dubai ends nine-day losing streak as Turkey impact eases, Egypt soft | Reuters:
Dubai’s stock market snapped a nine-day losing streak on Sunday that was triggered by Turkey’s economic crisis, but trade was thinned drastically by the onset of Eid al-Adha holidays in the region. Egypt’s bourse remained soft.
The Dubai index, which had dropped 5.9 percent over the previous nine trading days, rebounded by 0.4 percent in one of the lowest daily volumes this year.
Emirates NBD, which had plunged nearly 16 percent because it is in the process of acquiring Turkey’s Denizbank for $3.2 billion, climbed 2.3 percent. Overall, 17 Dubai stocks rose and nine fell.
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