MIDEAST STOCKS-Dubai extends gains, other markets mixed with few cues | Reuters

MIDEAST STOCKS-Dubai extends gains, other markets mixed with few cues | Reuters:



"* Dubai rebounds from intra-day loss



* Gulf's dollar pegs lure money from weak emerging markets



* Kuwait firm after oil refinery bids approved



* Labour crackdown continues to dampen Saudi Arabia



* Real estate-related shares strong in Egypt



By Nadia Saleem

DUBAI, Feb 11 (Reuters) - Dubai's bourse rose further on Tuesday after a choppy session as it tried to break free of the 4,000-point psychological resistance level, while other regional markets were narrowly mixed because of a lack of fresh catalysts.



The Dubai index climbed 1.0 percent to a fresh five-year closing high of 4,065 points after rebounding from an intra-day loss of roughly 1 percent - a sign that buyers remain ready to step in on any weakness in the market.



"Expectations for the earnings we haven't seen yet are high and given the state of emerging markets, there is some interest in dollar-pegged markets like the UAE (United Arab Emirates) from countries where currencies are under pressure," said Amer Khan, head of asset management at Shuaa Asset Management."



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