Feb 13 2012 |
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MARKET TALK: Most Gulf Mkts End Up; Track Global Cheer On Greek Vote
Monday, Feb 13, 2012
1045 GMT [Zawya Dow Jones]--Most Persian Gulf stock markets end higher Monday; track global equity strength after the Greek parliament approved the austerity measures needed for the country to secure a new bailout from its international creditors. Dubai shares finish +2.2% at 1521.56; the market is now up 17% since hitting a multi-year low in mid-January. Property stocks rally; Union Properties and Deyaar limit up. Abu Dhabi's market rises 0.4% to 2466.03; Kuwait's benchmark index +0.7% at 5946 and Doha ends +0.1% at 8694.77. Saudi shares trade +0.3% at 6819.99.
(nikhil.lohade@dowjones.com)
Copyright (c) 2012 Dow Jones & Co.
(END) Dow Jones Newswires
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