Wednesday 10 July 2019

MIDEAST STOCKS-Real estate lifts #Dubai, other Gulf markets muted - Reuters

MIDEAST STOCKS-Real estate lifts Dubai, other Gulf markets muted - Reuters:

Dubai stocks outperformed their Gulf peers on Wednesday buoyed by real estate shares, while most other markets were quiet ahead of corporate earnings announcements expected to accelerate from next week.

The Dubai index rose 1% with Emaar Properties , its largest listed developer, adding 2.4%, while Dubai Islamic Bank was up 1%.

Emaar Properties 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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