MIDEAST STOCKS-Emaar sends Dubai higher; Saudi declines | Reuters:
Dubai’s market closed on a positive note on Monday, backed by solid gains in property shares, while Saudi Arabia declined, reversing earlier gains, and other markets were mixed.
The Dubai index rose 0.4 percent as heavy trading in heavyweight property developer Emaar Properties sent its shares 1.6 percent up. DAMAC Properties added 1.4 percent.
Saudi’s index reversed its earlier gains and closed 0.2 percent down with only 36 advancing stocks out of 182 traded on Monday.
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