Mideast Stocks: Dubai rises for sixth day; banks lift major Gulf markets | ZAWYA MENA Edition:
Dubai stocks rose on Wednesday, extending a rally that began last week after real estate companies reported fourth-quarter earnings that beat expectations. Other major Gulf markets were lifted by financial stocks.
In Dubai, the index rose 1.5 percent, boosted by banks and real estate stocks. Dubai Islamic Bank gained 1.4 percent.
Emaar Properties jumped 3.2 percent, continuing the gains driven by better-than-expected profit for the fourth quarter.
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