Wednesday 24 July 2019

MIDEAST STOCKS- #Dubai extends gains on Emaar, other Gulf markets mixed - Reuters

MIDEAST STOCKS-Dubai extends gains on Emaar, other Gulf markets mixed - Reuters:

Dubai's stock market rose on Wednesday
as Emaar Properties continued to surge following news of a large
project in China, while other Middle Eastern shares were mixed.

The Dubai index added a further 0.8% after hitting
an eight-month high in the last session, with property stocks
leading the gains.

The country's largest listed developer Emaar Properties
advanced 1.2%, extending gains for the third straight
session. On Monday, the developer signed an agreement to help
deliver an $11 billion project at the site of Beijing's new mega
airport.

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