DUBAI, June 11 (Reuters) - Widespread profit-taking dragged Dubai's stock market lower in early trade on Thursday after oil prices slipped, while other Gulf bourses were narrowly mixed.
Dubai's index
Mortgage lender Amlak Finance
The company said in a Thursday bourse statement it was unaware of the reasons behind the share price increase and analysts have described it as a momentum play not based on fundamentals.
Builder Arabtec
Dubai's rally followed a rebound in oil prices this week, but crude futures are down in Asian trade after the World Bank cut its global economic growth forecast.
Elsewhere in the Gulf, Abu Dhabi
(Reporting by Olzhas Auyezov; Editing by Matt Smith) ((olzhas.auyezov@thomsonreuters.com; +971 56 225 4871; Reuters Messaging: olzhas.auyezov.thomsonreuters.com@reuters.net))
Keywords: MARKETS STOCKS/GULF