MIDEAST STOCKS-Dubai rallies on; Qatar, Abu Dhabi slow | Reuters:
"* Property stocks and banks lift Dubai
* Mobile operator du rises before going ex-dividend
* Abu Dhabi flat, dragged down by RAKBANK
* But Ras Al Khaimah Ceramics up after Reuters interview
* Telecom Egypt rises on mobile licence offer
By Olzhas Auyezov
DUBAI, April 2 (Reuters) - Dubai's bourse rose to a new multi-year high on Wednesday on the back of banking and property stocks, while markets in Abu Dhabi and Qatar slowed their advance as they neared February peaks.
Dubai's benchmark added 1.2 percent on increasing turnover, reaching its highest level since September 2008. Union Properties rose 5.7 percent and another property developer, Deyaar, surged 8.3 percent.
The emirate's property prices rose about 20 percent last year and continue to grow, boosting the profits of developers and construction firms.
"A lot of investors want to invest in speculative names, the companies that were badly hit in the previous crisis" which offer the biggest upside potential, said Sebastien Henin, head of asset management at The National Investor."
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