Tuesday, March 19, 2013

Dubai recovers losses; Qatar slips from three-week high


Dubai's measure recovers losses after a sharp sell-off in the previous session, while Qatar's bourse falls from a three-week high as stocks trade post-dividends.

Shares in Emaar Properties advance 0.6 percent, extending 2013 gains to 44.5 percent. The developer has outperformed Dubai's benchmark, which is up 17.2 percent.

A tentative recovery in property prices helped lift buying interest in Emaar, especially from foreign investors. The firm said on Monday its revenues from sale of apartments more than doubled in 2012, while commercial unit sales are still struggling.

Budget carrier Air Arabia and contractor Arabtec add 0.2 and 0.5 percent respectively.

No comments:

Post a Comment

ShareThis