MIDEAST STOCKS-Emirates NBD's gains support Dubai, Egypt up on financials - Reuters:
The Dubai stock market rose on Thursday,
mainly helped by its largest lender Emirates NBD,
while Egypt rebounded on the back of financials.
Dubai's index closed 0.4% up, with Emirates NBD
increasing 1.5% and Dubai Islamic Bank, the United
Arab Emirates’ largest sharia-compliant lender, adding 0.6%.
Emirates NBD has been rising since Monday after it raised its
foreign ownership limit to 20% from 5%.
But developers capped the gains with Emaar Properties
, the emirate's largest listed developer, sliding 0.8%
extending losses for a third day in a row.
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