Sunday 2 September 2018

MIDEAST STOCKS-Property boosts Dubai, financials hurt Abu Dhabi | Reuters

MIDEAST STOCKS-Property boosts Dubai, financials hurt Abu Dhabi | Reuters:

Some of the Gulf’s large markets opened lower on Sunday due to concerns about the global economic impact of trade disputes involving the United States, but selective buying in property stocks boosted Dubai.

Sentiment among global investors has been dampened by a U.S.-China trade row. Contentious trade talks between the United States and Canada ended on Friday with no deal to revamp the North American Free Trade Agreement.

The Saudi market fell 0.5 percent, with Saudi Basic Industries down 1.3 percent and Saudi British Bank dropping 1.8 percent.

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