Deyaar poised for lowest close on Q1 loss

Deyaar Development PJSC is headed for its lowest close on record after the Dubai-based developer posted a net loss of Dh100m ($27.2m) in the first quarter. The shares declined 3.1 per cent to 40.7 fils as of 10:13 am in Dubai, headed for the lowest close since the stock began trading in September 2007.