Mideast Stocks: Property props up Dubai; major Gulf markets mixed | ZAWYA MENA Edition:
Dubai's stock market opened higher on Monday, bolstered by its property shares, while major Gulf markets moved sideways.
The Dubai index edged 0.6% higher, supported by its real estate stocks. Deyaar Development rose 2.5% while Union Properties gained 2.7%.
The index has risen only 0.3% this year, while it has lost 7.7% since the beginning of May amid low trading during the Muslim holy month of Ramadan and as geopolitical tensions rise.
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