Thursday, 28 February 2019

MIDEAST STOCKS-Real estate pressures #Dubai, most Gulf markets drop | Reuters

MIDEAST STOCKS-Real estate pressures Dubai, most Gulf markets drop | Reuters:

Dubai's stock market slid on Thursday, pulled lower by property and financial stocks, while most major Gulf bourses also fell.

The Dubai index fell 1.5 percent, with lender Emirates NBD down 4.2 percent and Emaar Development 4.7 percent lower.

Emaar Malls slid 3.9 percent. On Monday, it bought 49 percent of e-commerce fashion website Namshi from Global Fashion Group for 475.5 million dirhams ($129.47 million).

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