Sunday 20 January 2019

MIDEAST STOCKS- #Dubai lifts on blue chips, rest of Gulf mixed | Reuters

MIDEAST STOCKS-Dubai lifts on blue chips, rest of Gulf mixed | Reuters:

Dubai’s stock market rose in early trading on Sunday, supported by property and banking shares, while trading was mixed in other parts of the Gulf.

Dubai’s index gained 0.4 percent as blue chip developer Emaar Properties added 1.0 percent and major bank Emirates NBD rose 0.5 percent after reporting a 10 percent rise in fourth quarter profit last week.

Emaar’s retail unit Emaar Malls jumped 1.2 percent and Dubai Islamic Bank rose 0.2 percent.

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