MIDEAST STOCKS-Property pulls down Dubai as most Gulf markets lower - Reuters:
Dubai’s stock market opened lower on Sunday, dragged down by property shares as most Gulf markets were weaker amid rising geopolitical tensions.
Dubai’s main index was down 1.5% in early trade with Emaar Properties falling 3.8%.
The emirate’s top developer has outperformed its peers, reporting a 7.2% rise in first quarter profit on May 5, in a market where prices have fallen since a mid-2014 peak, hurt by weaker oil prices and muted sales.
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