Mideast Stocks: Major Gulf bourses retreat; Egypt resumes gains – ZAWYA

Mideast Stocks: Major Gulf bourses retreat; Egypt resumes gains – ZAWYA

Mideast Stocks: Major Gulf bourses retreat; Egypt resumes gains | ZAWYA MENA Edition HomeMarketsEquitiesArticleMideast Stocks: Major Gulf bourses retreat; Egypt resumes gains Major Gulf stock markets ended lower on Wednesday    A Saudi trader observes the stock market on monitors at Falcom stock exchange agency in Riyadh, Saudi Arabia February 7, 2018. Major Gulf stock markets ended lower on Wednesday, with financials and property shares weighing on indexes in the United Arab Emirates, while the Egyptian bourse advanced on the back of its top lender.Dubai's main share index declined 0.7%, with blue-chip developer Emaar Properties shedding 1.8% and sharia-compliant lender Dubai Islamic Bank losing 1%.Elsewhere, Amlak Finance tumbled 4.1%, a day after it saw its biggest intraday gain Since December 2019.Major Gulf stock markets ended lower on Wednesday, with financials and property shares weighing on indexes in the United Arab Emirates, while the Egyptian bourse advanced on the back of its top lender.Elsewhere, Amlak Finance tumbled 4.1%, a day after it saw its biggest intraday gain Since December 2019.On Monday, Amlak signed an agreement with Dubai Land Department, allowing customers to invest in properties listed by the firm. In Abu Dhabi, the index lost 0.7%, hurt by a 1.6% fall in