MIDEAST STOCKS-Emaar Properties lifts Gulf laggard Dubai:
"A wave of buying in beaten down blue-chip stock Emaar Properties boosted the Dubai market on Wednesday while most of the region traded quietly in modest volumes. Dubai’s index firmed by 0.5 percent, but remains the Gulf’s worst-performing index this year with a decline of 2.5 percent, partly because of a sustained slump in the emirate’s real estate market. However, the bourse was lifted on Wednesday as Emaar, which had been trading near 14-month lows, surged by 3.2 percent to 6.22 dirhams in its heaviest volume this year. It is still down nearly 5 percent since the start of the year."
'via Blog this'
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