MIDEAST STOCKS-Gulf stocks rise on higher oil, global gains | News by Country | Reuters:
"Gulf stock markets rose in early trade on Thursday in response to strength in oil prices and global equity markets, though they quickly came off their highs.
The Dubai index was up 1.1 percent at 3,092 points after an hour of trade, but pulled back after nearing minor technical resistance at the February peak of 3,125 points. Second-tier property stocks were major gainers with Deyaar , the most heavily traded stock, up 2.0 percent.
GFH Financial gained 2.4 percent. It had risen 1.4 percent on Wednesday after Abu Dhabi Financial Group's capital markets arm, Integrated Capital, said it had increased its stake in GFH to 10 percent. Previously its stake was 7.4 percent, according to bourse data."
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