MIDEAST STOCKS-UAE mkts resume rally; Qatar at 5-1/2-year high | Reuters:
"* Dubai Investments, Emirates NBD lift Dubai index
* Drake and Scull falls after profit jump fails to impress investors
* Abu Dhabi's Aldar slider further on Q4 results
By Olzhas Auyezov
DUBAI, Feb 13 (Reuters) - Stock markets in the United Arab Emirates recovered from a brief bout of profit-taking on Thursday, while Qatar hit a five-and-a-half year high.
Dubai's bourse rose 1.3 percent after dipping into negative territory in early trade as investors took profits in contractor Drake and Scull and other stocks.
Drake and Scull reported a 61 percent jump in 2013 net profit on Thursday after a strong year in the emirate's property and construction sectors.
"They did better than in 2012 but that was expected," said Sanyalak Manibhandu, a senior analyst at NBAD Securities. "When you come out with profit that is only in line with estimates, this might bring out profit-takers.""
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