Wednesday 20 February 2019

MIDEAST STOCKS- #Dubai lifted by real estate as Gulf gains on global rally | Reuters

MIDEAST STOCKS-Dubai lifted by real estate as Gulf gains on global rally | Reuters:

Dubai's main stock index closed at a two-and-half-month high on Wednesday after strong fourth-quarter earnings from real estate companies last week triggered six days of gains.

All major Gulf bourses were driven higher by a wider stocks rally on hopes of progress in trade talks between the United States and China.

Dubai's index ended 2.6 percent higher at 2,632 points, its highest since December 2018, led by Emaar Properties , Emaar Malls and Emaar Development , which have risen in recent sessions.

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