Tuesday, 9 April 2019

MIDEAST STOCKS- #Dubai continues rally, most major Gulf markets mixed - Reuters

MIDEAST STOCKS-Dubai continues rally, most major Gulf markets mixed - Reuters:

Dubai's stock market edged up on Tuesday stretching its rally for the ninth consecutive session, aided by its industrial and financial shares, while trading was mixed across other major Gulf markets.

The Dubai index closed 0.2 percent higher, with Emirates Integrated Telecommunications rising 1.6 percent.

Dubai Investments rose 2 percent to reach its highest level since November. On Sunday, the firm signed an $86 million contract with ABB Industries to commission a new Dubai Electricity and Water Authority substation.

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