Sunday 17 November 2019

MIDEAST STOCKS-Emirates NBD props up #Dubai; most Gulf markets down - Agricultural Commodities - Reuters

MIDEAST STOCKS-Emirates NBD props up Dubai; most Gulf markets down - Agricultural Commodities - Reuters:

Major Gulf stock markets were mostly lower early on Sunday, with financial stocks among the biggest losers, but Dubai was buoyed by gains in Emirates NBD.

The Dubai index rose 0.6% as Emirates NBD jumped 5.1%, extending gains for a second consecutive day.

On Wednesday, the emirate’s largest lender confirmed the sale of 31 million shares in Network International Holdings for 160 million pounds ($205 million).

Union Properties edged up 0.3%. It reported third-quarter losses but its losses quarter on quarter narrowed.

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