MIDEAST STOCKS-UAE, Qatar markets extend gains; Egypt rebounds | Reuters

MIDEAST STOCKS-UAE, Qatar markets extend gains; Egypt rebounds | Reuters:



"* Qatar continues rally after record budget approval



* UAE stocks rise following Dubai World reassurances



* Investors make bets on Q1 results



* Egypt rebounds after three sessions of heavy profit-taking



* Small- and large-caps diverge in Kuwait



By Olzhas Auyezov

DUBAI, April 1 (Reuters) - Financial and property stocks lifted bourses in the United Arab Emirates and Qatar on Tuesday, while Egypt rebounded after three days of heavy profit-taking. 




Qatar's benchmark rose 1.8 percent to 11,849 points, extending a rally that begun this week after the government adopted a record $60 billion budget for the 2014/15 fiscal year.



The index, now at a four-week high, faces resistance at 11,900 points, the February peak.



Qatar National Bank and Islamic lender Masraf Al Rayan were among the top gainers, rising 2.9 and 3.2 percent respectively."



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