MIDEAST STOCKS-Dubai lifted by Emaar Properties, Saudi hurt by banks | Reuters:
Dubai stocks rebounded on Sunday after falling in the previous session, helped by strong gains in market heavyweight Emaar Properties, while financials weighed on both the Saudi and Qatari markets.
Dubai’s index was up 0.4 percent, supported by Emaar Properties, which gained 2.6 percent.
Property firms have led a recent rally after signs of recovery in their fourth-quarter results and more construction contracts. However they remain vulnerable to falling property prices.
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