MIDEAST STOCKS-Most Gulf markets edge up; Galfar weighs on Oman | Reuters

MIDEAST STOCKS-Most Gulf markets edge up; Galfar weighs on Oman | Reuters:



"Stock markets in the Gulf edged up in early trade on Tuesday, supported by positive earnings and expectations, but Galfar Engineering dragged down Oman's bourse after its profit slumped.



Dubai's index inched up 0.1 percent as heavyweight bank Emirates NBD jumped 3.5 percent, extending gains following the publication of strong second-quarter figures last week.



But some property stocks pulled back after jumping in the previous session. Emaar Properties edged down 0.3 percent and Union Properties fell 0.8 percent. The two stocks had jumped 2.3 and 5.0 percent respectively on Monday."



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