UPDATE 1-MIDEAST STOCKS-Property shares lead Dubai up; other Gulf markets quiet | Reuters:
"Real estate-related shares led Dubai's stock market higher in early trade on Monday while other Gulf markets moved little in queit trade.
The Dubai stock index climbed 0.6 percent, buoyed in part by last week's poor U.S. jobs data, which appeared to reduce chances that the U.S. Federal Reserve would hike interest rates anytime soon.
Gulf economies will probably imitate U.S. monetary policy because of their currency pegs, and a delay to monetary tightening is positive for real estate investors."
'via Blog this'
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