Wednesday 27 February 2019

MIDEAST STOCKS- #Dubai's property stocks drop, most Gulf markets slide | Reuters

MIDEAST STOCKS-Dubai's property stocks drop, most Gulf markets slide | Reuters:

Dubai’s stock market fell in early trading on Wednesday, a day after reaching a three-month high, as all its property shares declined.

Most major Gulf markets slid. The Dubai index dipped 0.4 percent, with Emaar Properties losing 0.8 percent and its retail arm, Emaar Malls, falling 2.2 percent.

Emaar Malls bought the 49 percent of e-commerce fashion website Namshi it did not own from Global Fashion Group for 475.5 million dirhams ($129.47 million).

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