Monday 24 September 2018

MIDEAST STOCKS-Trade concerns weigh on Dubai DP World; Orascom Investment shines in Egypt | Reuters

MIDEAST STOCKS-Trade concerns weigh on Dubai DP World; Orascom Investment shines in Egypt | Reuters:

Gulf stocks traded in negative territory on Monday, mirroring a dip in global market as concerns increased over a trade row between the United States and China.

In Dubai, where the index shed 0.3 percent, contractor Drake and Scull International (DSI) continued to weigh on the index.

Shares in the company dropped 2.6 percent, continuing their downward trend after DSI said this month its shareholders would meet on Sept. 27 to decide whether to dissolve it.

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