Mideast Stocks: Dubai outperforms as Aramco hurts Saudi | ZAWYA MENA Edition:
Most major stock markets in the Middle East ended higher on Thursday, with Dubai leading the way as blue-chip stocks advanced, but oil giant Saudi Aramco weighed on the Saudi index.
Dubai's index advanced 2%, with Dubai Investments rising 7.4% after its shareholders approved payment of a 10% cash dividend for the 2019 fiscal year.
Air Arabia was up 4.6% after the United Arab Emirates said it would allow transit flights to resume after suspending them in March.
The budget airliner, which has about 2,000 employees, said on Wednesday it had made further job cuts due to the impact of the coronavirus but did not give a number.
No comments:
Post a Comment