MIDEAST STOCKS-Dubai ends lower on property, banking as Gulf markets mixed - Reuters:
Dubai's stock market closed down on
Sunday, dragged lower by property and banking shares as Gulf
markets ended the day mixed amid rising geopolitical tensions
that have shaken investor confidence.
Dubai's main index fell 2.2%, led by a 3.1% decline
in heavyweight Emaar Properties and a 2.3% drop in
bank Emirates NBD. Dubai Islamic Bank fell
1.6%.
DAMAC Properties, which on May 15 reported its
smallest profit since going public in 2015, shed 3.0%,
recovering some earlier losses.
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