Tuesday 27 November 2018

Mideast Stocks: Dubai falls for fourth day, banks aid Saudi | ZAWYA MENA Edition

Mideast Stocks: Dubai falls for fourth day, banks aid Saudi | ZAWYA MENA Edition:

The Dubai stock market fell for a fourth straight session to a 34-month low on Tuesday morning as real estate shares continued to slide, while Saudi Arabia inched up on support from recovering bank stocks.

In Dubai, the index fell 1.0 percent to 2,699 points, its lowest level since January 2016. Emaar Properties shed 1.9 percent after a unit agreed to sell five hospitality assets in Dubai for an undisclosed amount to Abu Dhabi National Hotels , which did not trade.

Emirates NBD , Dubai's largest bank, lost 2.2 percent.

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