Sunday 24 February 2019

REFILE-MIDEAST STOCKS- #Dubai hits 2-month high, #Saudi hurt by financials | Reuters

REFILE-MIDEAST STOCKS-Dubai hits 2-month high, Saudi hurt by financials | Reuters:

Dubai stocks rose to a more than 2-month high on Sunday after falling in the previous session, helped by strong gains in property stocks, while financials weighed on both the Saudi and Qatari markets.

Dubai's index was up 1.3 percent, supported by Emaar Properties, which gained 3.2 percent, DAMAC Properties surged 8.4 percent and Emaar Malls rose 5.1 percent.

Emirates NBD Bank fell 5.3 percent after the bank last week announced it has received approval from its shareholders to issue new shares.

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