MIDEAST STOCKS-Dubai leads gains on property shares; Saudi eases - Reuters:
Dubai shares reversed early losses to close higher on Tuesday, led by gains in property stocks, while other major markets in the Gulf region were little changed.
Dubai's main share index gained 1%, with blue-chip developer Emaar Properties rising 2.4% and its unit Emaar Development advancing 3.9%.
Elsewhere, sharia-compliant lender Dubai Islamic Bank was up 1.9%.
Saudi Arabia's benchmark index lost 0.2%, driven down by a 1.6% decline in the kingdom's largest lender National Commercial Bank, while Jabal Omar Development slid 4.3%.
The developer on Monday posted a net loss of 465.2 million riyals ($124.04 million) in second-quarter, compared to a profit of 29.8 million riyals a year earlier.
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