MIDEAST STOCKS-Most Gulf equities dip; Emirates NBD leads Dubai higher - Reuters:
Most Gulf markets were down in early trade on Thursday, while Dubai outperformed its regional peers due to a surge in Emirates NBD.
Dubai’s main index was up 1.2%, with Emirates NBD gaining 3.6% after the emirate’s largest lender confirmed the sale of 31 million shares in Network International Holdings for 160 million pounds ($204.74 million).
Emaar Development rose 1.1% after it signed a sale and purchase agreement for units in tower 1 of the Creek Edge project.
Dubai’s amusement park operator DXB Entertainment, however, slid 2.4% after reporting a loss of 268.2 million dirhams ($73.02 million). Its accumulated losses stand at 5.02 billion dirhams.
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