Dubai's bourse recovers early-session declines and ends higher but bluechips lag as investors remain wary of
euro zone and global growth concerns.
The emirate's index climbs 0.6 percent to 1,579 points, up for a second session since Wednesday's two-week low.
Contractor Arabtec gains 3.3 percent and Dubai Islamic Bank adds 1 percent. Emaar Properties ends flat and courier firm Aramex slips 2.5 percent, with other banks also supporting.
"It's more of a consolidation day. Volatility is high in international markets, which is causing jitters," says Marwan
Shurrab, vice-president and chief trader at Gulfmena Investments. "Even with high risk appetite after the various
stimulus packages, the volatility is affecting regional sentiment in terms of direction. The real momentum now will be from third-quarter company announcements."
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