"Dubai's shares rose to a 57-month high on Sunday as optimism on second-quarter earnings boosted buying, while foreign investors returned to lift Egypt's market.
Shares of property firms, the main sector to benefit from a recovery in economic fundamentals, led gains in Dubai.
"There will be selective accumulation on stocks that beat earning once the numbers are out," said Mohammed Ali Yasin, managing director of Abu Dhabi Financial Services. Banking sector is expected to post strong growth, which would justify higher profits for the year, he added."
'via Blog this'
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