Sunday 14 August 2011

Dana lifts Abu Dhabi; Oman's Galfar jumps - ArabianBusiness.com

Dubai's index extended gains after a fresh set of second-quarter earnings but investors in the UAE reacted largely to a relief rally in global markets on Friday.

Property stocks, which attracted the most retail attention, led gains with bellwether Emaar Properties climbing 2.2 percent.

Drake $ Scull rose 1.7 percent after posting second-quarter net profit of AED55m on Thursday, marginally beating an analysts average forecast of AED52.8m.
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