Mideast Stocks: Most Gulf markets rise; Dubai leads gains on property shares | ZAWYA MENA Edition:
Dubai shares led gains among Gulf markets on Monday as property stocks rallied, with major port operator DP World posting its biggest jump since May 2014 following a delisting announcement.
The Dubai benchmark gained 0.8%.
Developer Union Properties leapt 7.6% after it said in an exchange filing on Sunday that the financing process of a previously-announced expansion for the Autodrome projects is nearing its completion.
Arabtec Holding rebounded 5.7%, following a 1.6% slide in previous session after it said it is closely working with "key lenders" to align its debt with its business needs and is cutting costs by reducing its workforce.
The company posted a loss for the fiscal year, compared with it a profit a year earlier.
No comments:
Post a Comment