UAE markets extend gains as investor target bluechips but trading is muted in the last few sessions of the year, while Qatar's measure slips from a four-week high.
Dubai's index rises 0.4 percent to close at 1,607 percent, its highest close since Dec. 10.
Bluechip Emaar Properties gains 0.5 percent and carrier Air Arabia rises 2.7 percent, its highest close since investors are favouring shares in the budget carrier, which is expected to pay a 2012 dividend of 7.2 percent.
Shares in Ajman Bank jump 4 percent, rising to their highest level since June 2009, on what traders say is on
bets the bank is the subject of a large stake purchase. Abu Dhabi's benchmark climbs 0.5 percent, ending at
2,631 points, its highest since Dec. 9.
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