Strong quarterly earnings from Dubai's developers help lift the emirate's index to a 12-day closing high and Emaar Properties rallies to its highest since April 2011.
Shares in heavyweight Emaar jump 4 percent after its second-quarter profits vastly exceeded estimates and more than doubled year-on-year.
The company's chairman predicted a rebound in the property sector in the emirate, saying the first half of the year reflects the growing strength of Dubai's economy. Trading on Emaar accounts for more than a quarter of all
shares traded on the index.
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