Wednesday 10 April 2019

MIDEAST STOCKS- #Dubai nears 5-month high, most major Gulf markets rise - Reuters

MIDEAST STOCKS-Dubai nears 5-month high, most major Gulf markets rise - Reuters:

Dubai's stock market rose for the tenth straight session on Wednesday, lifted by its financial shares, while Abu Dhabi was pulled lower by its top lender First Abu Dhabi Bank.

The Dubai index gained 0.2 percent, hovering around five-month high, with Emaar Properties adding 1.2 percent and Mashreq Bank jumping 5.3 percent.

This month, the latter's retail banking head said it would close 12 of its branches by June as it shifts some of its business online.

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