MIDEAST STOCKS-Emaar lifts Dubai as malls unit IPO pricing nears
Emaar Properties, Dubai's largest listed developer, helped lift the emirate's market in early trade on Tuesday on hopes that it will float its malls unit at the upper and of the announced price range due to strong demand.
Saudi real estate stocks take a dip
Saudi Arabia's benchmark stock index (TASI) lost nearly fifty-two points or 0.47 percent to end Sunday's trading at 11,010.68 points level.
Saudi Cement keeps Hofuf kilns closed due to weak demand
Saudi Cement Co, the kingdom's largest listed cement producer by market value, said it would not restart after refurbishment work two kilns at its Hofuf factory due to high inventory levels and weak demand.