MIDEAST STOCKS-Real estate props Dubai, most Gulf markets little changed | Reuters:
Dubai’s blue-chip index rose sharply and marked its biggest intra-day gain in nearly three weeks, lifted by real estate and banks, while most major Gulf indexes dropped marginally on Tuesday.
The Dubai index added 1.1 percent, boosted by a near 3 percent gain in Emaar Properties and a 2.2 percent rise in Emirates NBD after it posted a double-digit jump in quarterly profit, led partly by higher net interest income.
Saudi Arabia’s bourse was down 0.2 percent, hurt by a 0.5 percent dip in bellwether Al Rajhi Banking & Investment Corp and a 2.4 percent slide in Arab National Bank .
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