02-05-2016 07:34 via news.yahoo.com

MIDEAST STOCKS-Dubai may be supported by Emaar Q1, most of Gulf consolidate

Dubai's stock market may be supported on Monday by strong earnings at its largest listed property developer, while other Gulf markets may trade narrowly. Brent futures have pulled back 1.2 percent to $46.81 per barrel in early Asian trade, but in recent days changes in oil prices have had little effect on Gulf stock markets as they turn their focus to earnings and economic reforms. "We expect headwinds to near-term earnings to remain realtively strong, and our main concern is asset quality trend
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