MIDEAST STOCKS-Property shares lift UAE, blue-chips pressure Saudi - Reuters:
Gains in shares of property and contracting firms lifted Dubai and Abu Dhabi stocks in early trade on Tuesday, while weak earnings from blue-chips weighed on the Saudi bourse.
The Dubai index gained 0.7%, boosted by Emaar Properties, which rose a further 1.6%. The stock jumped 2.5% on Monday when it struck a deal with Beijing Daxing International Airport over an $11 billion project that includes residential and leisure facilities.
In Abu Dhabi, the index gained 0.3%, rising for the sixth straight session. Aldar properties was up 5% after a progress update on a recently awarded 5 billion dirhams ($1.4 billion) worth of projects and raising its annual profit guidance by 50% for the next three to four years.
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