Thursday, 6 December 2018

Mideast Stocks: #Dubai suffers real estate slide, other markets steady | ZAWYA MENA Edition

Mideast Stocks: Dubai suffers real estate slide, other markets steady | ZAWYA MENA Edition:

Dubai's stock market fell sharply on Thursday, as real estate stocks fell further following a property price slide, while most major Middle Eastern markets remained steady.

Trading in other markets was tepid in the countdown to an OPEC-meeting expected to result in a supply cut, but the Dubai index  slipped 1.3 percent, after falling to its lowest in nearly three years in the previous trading session.

Property developer Emaar Properties was down 3.2 percent, while Deyaar Properties lost 2.6 percent.

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