MIDEAST STOCKS-Dubai property stocks rise on hopes for industry exhibition | Reuters:
"Gulf equity markets edged up in early trade on Monday, despite weaker oil and a fresh sell-off in China, and Dubai led gains as investors bid up property stocks, hoping that companies would announce positive news at an annual industry exhibition.
Dubai's index rose 1.2 percent with developer DAMAC , the most traded stock, jumping 2.0 percent and the runner-up, builder Arabtec, surging 3.8 percent.
The Cityscape property exhibition and conference opened in Dubai on Monday; companies in the sector have traditionally used it to announce new projects and contract awards."
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