MIDEAST STOCKS-Gulf markets close mostly lower; Egypt falls again | Reuters:
Gulf markets closed mainly in the red on Sunday, with market heavyweights Emaar Properties and Emirates NBD dragging Dubai’s index lower and Egypt’s market falling to fresh lows for the year.
After plunging to its lowest level in more than five years on Thursday, the Dubai index regained ground in early trading before closing 1.2 percent lower.
The market has fallen 24.3 percent this year, partly due to concerns about the health of Dubai’s real estate sector and wider economy.
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