MIDEAST STOCKS-Dubai makes biggest one-day gain in 4 mths; regional shares up | Reuters:
"* Dubai could face correction soon - analyst
* Poor Q4 reports dampen Saudi growth
* Qatar up on expectations of strong earnings
By Nadia Saleem
DUBAI, Jan 23 (Reuters) - Dubai's bourse made its biggest one-day gain in four months on Thursday as retail investors drove it to a fresh five-year high in bets ahead of earnings, while most of the other markets in the region also gained.
UAE nationals were net buyers on Dubai's market and accounted for more than half of trading value, according to bourse data.
"Institutional money is either already in the market or waiting on the sidelines until there is something clear to bet on - this volatility is basically retail-driven," said Amer Khan, fund manager at Shuaa Asset Management.
Real estate-related shares led trading with some laggards catching up to the market. Builder Arabtec jumped 9.8 percent. The firm has won new construction projects recently that are being priced in, analysts said."
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