Thursday 13 December 2018

Mideast Stocks: Real estate continues to lift #Dubai, banks hurt #Qatar | ZAWYA MENA Edition

Mideast Stocks: Real estate continues to lift Dubai, banks hurt Qatar | ZAWYA MENA Edition:

The Dubai stock market continued to benefit from a recovery of beaten-down real estate stocks early on Thursday while Qatar fell, pressured by banks.

In Dubai, the index gained for a third straight day, rising 0.7 percent. Dubai Investments and Union Properties, which have been trading at multi-year lows, added 6.2 percent and 4.7 percent respectively.

Emaar Properties, which had rebounded 6.4 percent on Wednesday in its biggest one-day gain since June 2017, added a further 0.5 percent.

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