MIDEAST STOCKS-Property firms bolster Dubai, oil prices lift Saudi - Reuters:
Dubai stocks rose sharply on Wednesday
as all real estate shares gained, while banks drove the Saudi
market higher amid rising oil prices and after EFG Hermes
forecast higher second quarter profit for Saudi lenders.
Oil prices rose more than 2% after industry data showed U.S.
inventories fell more than expected and as major U.S. producers
evacuated rigs in the Gulf of Mexico before a storm.
The Dubai index closed 1.2% higher with Emaar
Properties, its largest listed-developer, surging 3.5%
to its highest in two months.
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