Middle East Shares Mostly Gain, Dubai Boosted by Earnings Optimism

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MidEast stocks mostly rise, with Dubai climbing to a new five-year high as investors positioned themselves ahead of earnings.

Real estate firms are seen gaining from infrastructure spending in the country as its property continues to recover from the 2008 slump.

Dubai's main index surged 3.6% to 3,819 points, the highest close since October 2008. Abu Dhabi added 1.7% to 4,655 points, Qatar rose 1.4% to 11,338 points, Saudi Arabia firmed 0.1% to 8,772 points, Egypt gained 0.8% to 7,233 points, Kuwait advanced 0.4% to 7,779 points, Oman edged up 0.2% to 7,201 points and Bahrain eased 0.2% to 1,277 points.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

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This article appears in: Investing , Commodities

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