MIDEAST STOCKS-Dubai's 2013 gains cross 100 pct; most of region rises | Reuters:
"* Real estate, banking stocks lead Dubai higher
* Factors such as MSCI upgrade to limit any pull-back
* Egypt's partial debt repayment boosts Dana Gas
* Saudi Arabia's Bawan Co up 10 pct limit on debut
* Egyptian market shrugs off major bomb attack on police
By Nadia Saleem
DUBAI, Dec 24 (Reuters) - Year-to-date gains by Dubai's main stock index rose above 100 percent on Tuesday as investors, positioning for full-year earnings, pushed real estate and bank stocks higher. Most other regional markets also rose.
The Dubai index climbed 1.3 percent to its highest close since October 2008, extending its 2013 gains to 102.2 percent. Blue chip Emaar Properties gained 3.0 percent and Deyaar Development rose 6.5 percent. Heavyweight bank Emirates NBD climbed 1.5 percent.
"The play right now in the UAE is for earnings, more than dividends, which are more attractive in Saudi Arabia and Qatar," said Amer Khan, fund manager at Shuaa Asset Management.
"We are in a rally, but at the end of the day it depends on whether it has legs and this depends on earnings.""
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