Thursday 20 December 2012

MIDEAST STOCKS-Dubai rallies to 10-day high; mkts mixed before weekend | Reuters

Dubai's index hit a 10-day high on Thursday as investors target high dividend yield stocks, while other regional markets mixed ahead of a weekend which promises more protests in Egypt.

Dubai's benchmark rose 0.6 percent to its highest close since Dec. 10.

Bellwether Emaar Properties climbed 0.5 percent amid sustained interest from foreign investors betting that Dubai's long-troubled real estate sector is showing signs of recovery.

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