Tuesday, Apr 09, 2013
1026 GMT [Zawya Dow Jones]--Dubai stocks lead most Persian Gulf markets higher on Tuesday. The benchmark DFM index rises 2.4% to 1962.92, its highest close since November 2009. Banks and investment stocks lead the advance. Dubai Islamic Bank surges 6.7% to AED2.56 after adding nearly 6% Monday. "Dubai banks are in a catch-up mode after the fairly sustained rally in some of their Abu Dhabi counterparts since the new year," an Abu Dhabi-based fund manager says. Emaar Properties, +2.1% at AED5.45, also shines ahead of its AGM later today. Elsewhere, Abu Dhabi stocks finish +0.6% at 3088.39. Kuwait's benchmark index ends +0.9% at 6943.53 while Qatar's QE Index flatlines at 8518.34. Saudi shares are trading 0.2% higher at 7179.31. (brinda.darasha@dowjones.com; Twitter: @ZDJnews)
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(END) Dow Jones Newswires
09-04-13 1034GMT
