MIDEAST STOCKS-Dubai continues winning streak, banks pressure Saudi | Reuters:
The Dubai stock market extended a run of gains as it rose for a fifth session on Tuesday, mainly driven up by property stocks after strong fourth-quarter earnings.
Banks dragged Saudi lower as investors booked profit after the market gained significantly this year.
In Dubai, the index rose 0.7 percent with the most heavily-traded stock Emaar Properties gaining 3.3 percent, while its unit Emaar Malls rose 1.3 percent. The stocks have been rising in recent sessions after posting robust fourth-quarter earnings, boosting the index.
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