Thursday 11 July 2019

MIDEAST STOCKS- #Dubai stocks rise, led by property; other markets subdued - Reuters

MIDEAST STOCKS-Dubai stocks rise, led by property; other markets subdued - Reuters:

Dubai’s stocks rose on Thursday as real estate shares gained, while most other markets were little changed before corporate results due to pick up next week.

The Dubai index added 0.5%, led by a 1.4% gain in its largest lender, Emirates NBD, and a 0.8% rise in Emaar Properties.

The developer has been rising since Monday after its Egyptian subsidiary, Emaar Misr Development, initially agreed with El Nasr Housing and Development to settle a dispute on Uptown Cairo land.

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