MIDEAST STOCKS-Dubai hits 3-month high, COMI pressures Egypt | Reuters:
Dubai shares hit a three-month high on Tuesday as all but one of its real estate firms gained, while Egypt's blue-chip index declined, primarily led by Commercial International Bank (COMI).
The Dubai index rose 0.9 percent to reach its highest in nearly three months. The index, which was one of the world's worst performing markets last year, has risen 6.1 percent year-to-date, mainly triggered by strong fourth-quarter earnings from real estate firms.
Emaar Properties added 2.5 percent in heavy volume and its unit Emaar Development surged 6.8 percent.
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