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The Financial Express

Mideast stocks rise, Dubai's Emaar continues rebound

Published: January 03, 2018 15:17:37 | Updated: January 04, 2018 11:04:49


Gulf markets rise slightly

Mideast stocks markets edged up in early trade on Wednesday, buoyed by strong global bourses and the return of some investors in the Gulf from New Year holidays.

Dubai’s index added 0.4 per cent as blue chip Emaar properties gained 1.0 per cent. Another bellwether for the Dubai market, logistics firm Aramex, fell 1.9 per cent after a higher opening.

Abu Dhabi’s index was 0.1 per cent higher as banks stayed firm, with Abu Dhabi Commercial Bank edging up 0.3 per cent.

Qatar was 0.6 per cent higher as Barwa Real Estate rose 1.2 per cent, reports Reuters.

Saudi Arabia’s index, which had fallen in the first two days of this year after the government hiked domestic gasoline prices, rebounded 0.3 per cent.

Industrial holding company Saudi Advanced Industries climbed 3.5 per cent.

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