Sunday 26 February 2012

MIDEAST STOCKS-Gulf markets rally; Dubai hits new 10-mnth high | News by Country | Reuters

Most regional markets rose on Sunday, taking lead from a positive global backdrop, with Dubai's benchmark climbing to a fresh 10-month high over continued buying momentum.

Dubai's benchmark climbed 2.7 percent to its highest close since April 2011. Volumes surged with about 680 million shares traded, the largest amount since March 2010.

Funds flowed into large-caps, with Emirates NBD surging 5.8 percent and Emaar Properties up 3.3 percent.

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