MIDEAST STOCKS-Emaar lifts Dubai to eight-month high; weak earnings hurt Saudi - Reuters:
Stock markets in the United Arab
Emirates outperformed the region on Tuesday thanks to their
blue-chip developers, while disappointing corporate earnings and
falling oil prices dragged Saudi shares lower.
Oil slipped to around $63 a barrel on Tuesday as concerns
faded for now that rising tensions in the Middle East would
escalate and hit oil supplies, compounding the impact of a
weaker demand outlook.
The Dubai index closed up 2.1%, to reach its
highest since mid-November 2018, with real estate shares leading
the gains.
No comments:
Post a Comment