Emaar Properties climbs to a six-month high, lifting Dubai's index, as investors bet on good fourth-quarter earnings for the developer.
Emaar gains 3.2 percent, ending at its highest close since
August 4. The company will report its 2011 earnings in the next few days. Analysts polled by Reuters on average expect Emaar to post a 74 percent increase in fourth-quarter profit.
"Good numbers are expected from Emaar and investors are also hoping for good dividends," says Nadi Bargouti, head of asset management at SHUAA Asset Management.
No comments:
Post a Comment