MIDEAST STOCKS-Lender ENBD earnings beat lifts Dubai, regional mkts gain | Reuters:
"Dubai's bluechip Emirates NBD surged on Monday after its quarterly earnings came in ahead estimates by a significant margin, helping lift the emirate's bourse to a new multi-year high, while most regional markets also gained.
Shares in ENBD, Dubai's biggest bank my market value, rose 6 percent to a four-week high. The stock is up 79.3 percent year-to-date.
"ENBD's loan growth has been healthy and net interest margins also improved," said Chiradeep Ghosh, equity analyst at Securities and Investment Firm (SICO) in Bahrain."
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