Tuesday 9 April 2019

MIDEAST STOCKS-Financials lift #Dubai, most Gulf markets rise - Reuters

MIDEAST STOCKS-Financials lift Dubai, most Gulf markets rise - Reuters:

Dubai’s stock market rose for a ninth straight session on Tuesday as most of its financial shares rose, while other major Gulf markets inched up.

The Dubai index was up 0.2 percent, with Dubai Islamic Bank adding 0.4 percent and its largest lender Emirates NBD rising 0.4 percent.

Dubai Islamic Bank, the United Arab Emirates’ largest sharia-compliant bank, is in talks with Dubai-based Noor Bank over a possible acquisition of the lender, three sources told Reuters on Monday.

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