Tuesday 30 July 2013

MIDEAST STOCKS-Emaar's earnings beat lifts Dubai to a near 5-yr high | Reuters

MIDEAST STOCKS-Emaar's earnings beat lifts Dubai to a near 5-yr high | Reuters:

"Dubai's blue-chip Emaar Properties rallied on Tuesday after posting estimate-beating earnings, spurring buying across the market and lifting the bourse to a near five-year high.

The emirate's largest developer posted a 10 percent increase in profit on higher domestic sales. It beat analysts' estimates by a margin of 20 percent.

Shares in Emaar climbed 2.9 percent, extending their 2013 gains to 57.3 percent."

'via Blog this'

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