Thursday 17 January 2019

MIDEAST STOCKS-Corporate earnings boost most Gulf markets; Egypt edges lower | Reuters

MIDEAST STOCKS-Corporate earnings boost most Gulf markets; Egypt edges lower | Reuters:

Dubai's stock market rose on Thursday, buoyed by heavyweight constituents, with most Gulf markets lifted by corporate earnings announcements.

The Dubai index added 0.6 percent as lender Emirates NBD rose by 1.1 percent and developer Emaar Properties advanced by 1.3 percent.

Emirates NBD, Dubai's largest bank, reported a 10 percent gain in fourth-quarter net profit after loan growth and improved margins offset higher expenses and a drop to investment securities income.

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