MIDEAST STOCKS-Financials, property elevate Dubai, most of Gulf up - Reuters:
Dubai's stock market rose sharply on
Wednesday, buoyed by financial and real estate shares, to lead
gains in most major Gulf bourses.
Dubai's index closed 1.8% higher with all its real
estate shares gaining. Blue-chip developer Emaar Properties
added 2.6% and market heavyweight lender Emirates NBD
was up 2.8%.
Locals and foreigners bought selectively on the Dubai
Financial Market, especially in the real estate and construction
space, said Harsh Oza, vice president for research at Shuaa
Capital.
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