MIDEAST STOCKS-Dubai rises above chart barrier, ex-dividend bank pulls down Saudi
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Crossing the Red Line

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brecorder
9 days ago

MIDEAST STOCKS-Dubai rises above chart barrier, ex-dividend bank pulls down Saudi

DUBAI: Dubai s stock index rose above technical resistance on Monday, suggesting a long period of underperformance compared with the region and other emerging markets might be ending, while a bank going ex-dividend helped to pull down Saudi Arabia s market. The Dubai index gained 0.8 percent to 3,602 points, eclipsing its April peak of 3,573 points.

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