Sunday 20 June 2010

MIDEAST STOCKS-Emaar lifts Dubai; most regional markets up | Energy & Oil | Reuters


Emaar Properties (EMAR.DU: Quote) surged on Sunday, lifting the Dubai index to a two-week high, on improved investor sentiment and hopes for positive second-quarter results.

Saudi stocks rose in line with most other regional bourses, buoyed by higher crude oil prices, as investors shrugged off worries about global economic difficulties.

Emaar, the Arab world's largest-listed property developer, gained 8.6 percent to a three-week high, accounting for nearly a third of stocks changing hands on the Dubai exchange.

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