MIDEAST STOCKS-UAE mkts rise in last-minute bets on Dubai Expo 2020 | Reuters:
"* Expo decision to be delivered later Wednesday
* Companies holding land, construction firms climb
* Investors position themselves for dividends in Qatar
* Egypt still in profit-taking trend
* Difficulties with political transition weigh
By Nadia Saleem
DUBAI, Nov 27 (Reuters) - United Arab Emirates stock markets rose on Wednesday on last-minute bets that Dubai would win the right to host the 2020 World Expo. Most other Gulf bourses also climbed, while Egypt extended losses to a nearly four-week low.
Dubai's main index advanced 0.5 percent to its highest finish since Nov. 10, although it gave back almost half of its intra-day gains. The measure is 1.8 percent below the multi-year high hit in October.
"Trading in the last month has been more cautious but people are pricing in the Expo win until right before the results," said Sanyalaksna Manibhandu, senior analyst at NBAD Securities. "Whatever the result, you will see profit-taking.""
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