MIDEAST STOCKS-Dubai gains, led by Emaar; Qatar slips to four-month low | Reuters:
Dubai stocks rose on Thursday as earnings at Emaar-linked companies lifted its battered real estate shares, while Qatar's market was pulled down to a four-month low by a sell-off in its blue-chip firms.
In Dubai, the index rose 1.7 percent, helped by gains in the emirate's largest listed developer, Emaar Properties and its units, Emaar Development and Emaar Malls.
Emaar Properties, Dubai's biggest listed property company, gained 6.5 percent. It beat expectations to post a 27 percent rise in its fourth-quarter profit after market close.
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