MIDEAST STOCKS-Gulf rises on improved global backdrop | Agricultural Commodities | Reuters:
"Gulf stock markets rose in early trade on Thursday in response to gains on Wall Street and by Asian bourses, and as Brent crude oil climbed 2.9 percent to $44.40 a barrel in Asian trade.
The better global backdrop encouraged investors who were convinced by Tuesday's strong rebound of Gulf markets that stocks had established a floor for at least the short term - though not necessarily in the longer run.
Dubai's index gained 2.9 percent, with Emaar Properties up 3.1 percent and DAMAC Properties climbing 2.9 percent. Some volatile stocks favoured by local retail investors soared, with Amlak Finance jumping 9.6 percent."
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