Sunday 7 October 2012

MIDEAST STOCKS-Dubai hits 23-wk high, lifted by property; Saudi down - Yahoo! News Maktoob

Dubai's benchmark index extended its rally to hit a 23-week high on Sunday, with real estate stocks attracting buyers amid renewed momentum in the once-troubled sector.
Other Gulf markets were mixed ahead of third-quarter corporate earnings.
In Dubai, Emaar Properties rose nearly 2 percent, while Union Properties advanced 3.1 percent and Deyaar
climbed 0.5 percent. Dubai's index rose 1 percent to 1,644 points, its highest close since April 26.

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