Dubai's bourse edges higher, with buyers targeting bluechip stocks following three sessions of declines.
The index climbs 0.3 percent to 1,593 points, extending its gains to 17.7 percent in 2012.
Emirates NBD rises 2.3 percent, Emaar Properties climbs 0.3 percent and budget carrier Air Arabia adds
1.7 percent.
"The DFMGI broke through key resistance at 1,600 and the uptrend is intact," says Sleiman Aboulhosn, assistant fund manager at Al Masah Capital. "Any short-term weakness should be considered a buying opportunity at the moment."
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