MIDEAST STOCKS-Emaar lifts Dubai; Qatar rebounds further | Agricultural Commodities | Reuters:
"Dubai and Qatar led market rises in the Gulf on Thursday on the back of property and banking stocks, while Egyptian real estate companies dragged down the market after jumping earlier this week.
Dubai's main index rose 1.5 percent as shares in Emaar Properties, the emirate's largest listed developer, jumped 3.8 percent.
This followed an announcement on Wednesday by another large local property firm, unlisted Nakheel, that its net profit surged 54 percent for the first half of this year. The company did not provide quarterly figures, but Reuters calculations showed a net profit of 1.22 billion dirhams ($332 million) in the second quarter compared to 709 million dirhams a year earlier, a 72 percent jump."
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