MIDEAST STOCKS-Emaar's leap lifts Dubai, banks boost Egypt | Reuters:
The Dubai stock market rose sharply on Wednesday, boosted by blue chip Emaar Properties, while Egypt gained for a third straight day on rebounding bank shares.
In Dubai, which has been languishing at five-year lows partly because of weak real estate prices, the index added 1.5 percent, its biggest gain in 2-1/2 months.
Emaar surged 6.4 percent, its largest rise since June 2017, after saying it had started business development operations in China. A cheap valuation, at 5.4 times trailing earnings, also encouraged buying back of the stock.
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