Wednesday, 20 November 2019

MIDEAST STOCKS-Property shares aid #Dubai; other Gulf markets mixed - Agricultural Commodities - Reuters

MIDEAST STOCKS-Property shares aid Dubai; other Gulf markets mixed - Agricultural Commodities - Reuters:

Dubai’s stock market extended gains early on Wednesday as most of its real estate stocks rose, while other major Gulf markets were mixed.

In Dubai, the index rose 0.3% as Deyaar Development gained 3.6% and Emaar Properties added 0.2%.

Among other stocks, Emirates Integrated Telecommunications gained 1.5% and Dubai Islamic Bank was up 0.2%. On Tuesday, the bank called its board meeting on Nov. 25 to discuss the acquisition of Noor Bank.

Air Arabia opened up 1.4%, extending gains for a third consecutive day. On Monday, the budget airline announced an order for 120 Airbus A320neo-family jets in a deal worth about $14 billion.

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