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Thursday, 22 September 2016

MIDEAST STOCKS-Gulf shares cheer Fed decision to keep interest rates put, Egypt slips | Reuters

MIDEAST STOCKS-Gulf shares cheer Fed decision to keep interest rates put, Egypt slips | Reuters:

"Stocks in the Gulf rallied on Thursday, taking their cue from global shares after the Federal Reserve left U.S. interest rates unchanged and indicated a slower pace of future hikes.

Dubai's main index was the top gainer among its regional peers, jumping 2.0 percent in the most active trade of the week as nine-tenths of the traded shares rose.

Emaar Properties, the largest listed developer and Dubai Investments each gained 2.9 percent."



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