Dubai's bourse edges up as bluechips extend gains, but trading is focused on small-caps as retail investors dominate.
Shares in Emaar Properties rise 0.5 percent after signing a $500 million loan to finance its project in Turkey on Wednesday. Telecom operator du gains 1.2 percent and carrier Air Arabia adds 1.1 percent.
"We're still relatively cheap and we have the dividend-led uptick coming up. Some people will be positioning ahead of it," says Shehzad Janab, head of asset management at Dubai-based Daman.
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