MIDEAST STOCKS-Emaar boosts Dubai but Ukraine hurts rest of region | Reuters:
"* Emaar jumps after hiking dividend, announcing mall IPO plan
* But stock pulls back below major technical resistance
* Dubai's turnover remains moderate
* Ukraine prompts Gulf retail investors to take profits
* Omantel slips after results of first phase of share offer
By Olzhas Auyezov
DUBAI, March 16 (Reuters) - Positive news from Emaar Properties boosted Dubai's bourse on Sunday but the Ukrainian crisis pushed down almost all other stock markets in the Middle East.
Emaar announced plans to sell up to 25 percent of its shopping mall in a public offer expected to raise 8 to 9 billion dirhams ($2.18-$2.45 billion), with proceeds to be "primarily distributed as dividend" to Emaar shareholders. It also hiked its 2013 dividend to the highest since 2007.
The company's shares closed 5.1 percent higher at 9.10 dirhams; Emirates NBD, another Dubai flagship stock, jumped 5.8 percent although trading was very thin. Dubai's main index climbed 2.0 percent.
Emaar's plan, which chairman Mohammed Alabbar said he wanted to carry out "within months", was not unexpected, but it got good reviews from analysts."
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