MIDEAST STOCKS-Property-related shares lift UAE; regional shares mixed | Reuters:
"Markets in the United Arab Emirates rose on Thursday as investors bought property-related stocks ahead of quarterly earnings, while regional bourses were mixed.
Dubai builder Arabtec jumped 4.9 percent, leading trading volumes to hit its highest close since September 2008.
Analysts polled by Reuters on average forecast Arabtec will post a 151 percent rise in earnings.
Dubai's index rose 1.2 percent in its sixth consecutive gain to reach a new five-year high.
"UAE markets are taking their natural course - people are focused on earnings, which will dictate market direction in the coming weeks," said Amer Khan, head of asset management at Shuaa Asset Management.
Abu Dhabi's Aldar Properties surged 8.3 percent to 3.25 dirhams, its highest level since June 2010. Naeem Holding estimates Aldar's fourth-quarter profit will increase by 48 percent."
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