UAE benchmarks end lower as investors cut positions in some mid-cap stocks ahead of first-quarter earnings, while Qatar's index extends gains.
Dubai's measure slips 0.4 percent to 1,654 points, trimming 2012 gains to 22.2 percent. It has moved within a
50-point range for the past two weeks as an early-year surge gives way to consolidation.
Investors are shifting positions ahead of earnings, with stocks that were recent targets for speculative trading now sold in favour of fundamentally stronger firms.
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