Sunday, 16 June 2019

MIDEAST STOCKS- #Dubai climbs but tanker attacks weigh on other Gulf markets - Reuters

MIDEAST STOCKS-Dubai climbs but tanker attacks weigh on other Gulf markets - Reuters:

Gulf stock mostly fell on Sunday, weighed down by tensions over last week’s oil tanker attacks, with Dubai alone managing gains in early trade, boosted by real estate companies and an announcement from telecoms firm Du .

The attacks on the tankers at the entrance of the Gulf on Thursday raised fears of a military confrontation in the oil shipping route amid heightened tensions between Iran and the United States and military moves in the Middle East.

The Dubai index was up 0.3% in the first hour of trading, with real estate companies registering the highest trading volumes.

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