Sunday 5 February 2012

STOCKS NEWS MIDEAST-Property stocks lead Dubai to 4-mth high - Yahoo!

Dubai's index hits a four-month high on
improved sentiment, with volumes higher than average for a
Sunday trading session.
Emaar Properties, which has yet to report its
quarterly earnings, jumps 3.2 percent. Deyaar Properties ends
4.4 percent higher after swinging to a full-year profit in 2011.
The index rises 2.2 percent to 1,467 points, its highest
finish since Sept. 21.
Abu Dhabi property stocks also advance, but banks decline as
the emirate's benchmark ends almost flat, inching up 0.04
percent to 2,478 points.

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