MIDEAST STOCKS-Dubai strong on Emaar Malls, Aramex earnings, Gulf mostly quiet | ZAWYA MENA Edition:
"Dubai's stock market rose in early trade on Tuesday after Emaar Malls and Aramex reported strong earnings, but most of the Gulf was quiet, gaining little momentum from the rise of Wall Street and other global markets.
The Dubai index added 1.0 percent as Emaar Malls, the emirate's flagship mall operator, rose 3.1 percent after reporting a 27 percent gain in fourth-quarter net profit to 574 million dirhams ($156 million). SICO Bahrain had forecast 499 million dirhams.
Courier Aramex jumped 4.6 percent after it reported a 25 percent rise in fourth-quarter net profit to 165 million dirhams, beating SICO Bahrain's estimate of 115 million dirhams. For the full year, profit increased only 2 percent."
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