MIDEAST STOCKS-Dubai surges on Emaar, Arabtec dividend speculation | Reuters:
"* Some investors betting Emaar, Arabtec will hike dividend plans
* Foreigners buy into Dubai's Deyaar as ban lifted
* Abu Dhabi's Aldar gains after announcing $1.4 bln in projects
* Qatar's Islamic stocks rise on expected Ezdan buying
* Saudi's Alhokair jumps after Q1 earnings, bonus issue
By Olzhas Auyezov
DUBAI, April 21 (Reuters) - Dubai's bourse posted its highest daily gain since late January on Monday as investors scooped up shares of real estate and construction companies on hopes for increased dividend payouts.
The Dubai benchmark rose 2.9 percent to 4,984 points, its highest level since August 2008, while turnover more than doubled compared to the previous session.
Real estate developer Emaar Properties, whose shares rose 3.9 percent, and construction firm Arabtec , up 9.5 percent, contributed the most to the increase.
Both companies will hold annual shareholder meetings this month to discuss, among other issues, dividend payouts for 2013. Some investors are betting that the companies will end up paying more than initially suggested by their boards, said Sanyalak Manibhandu, manager of research at NBAD Securities."
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