Mideast Stocks: Dubai edges up but tepid global sentiment weighs on Gulf | ZAWYA MENA Edition:
Dubai's stock market rose on Tuesday after falling to five-year lows in the last few sessions, lifted by gains in some real estate shares, while weak global sentiment continued to weigh on other Gulf bourses.
Oil prices edged up, but overall sentiment towards crude prices remained weak on worries over global stock markets and doubts that supply cuts led by OPEC would be enough to rein in oversupply.
In Dubai, the index added 0.8 percent after hovering around five-year lows in the last four sessions. Emaar Properties gained 2.3 percent after saying it had started business development operations in China, while its unit Emaar Development increased 0.5 percent.
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