* Dubai's Emirates NBD rises after EFG Hermes upgrade * Egypt extends correction following Sisi's presidential bid * Cairo closes above intraday low, may have bottomed out * Saudi Arabia makes modest gains after succession move By Olzhas Auyezov DUBAI, March 30 (Reuters) - Property stocks helped Dubai's bourse lead regional gains on Sunday, while Egypt fell for a second session since former army chief Abdel Fattah al-Sisi said he would run for president. Dubai's index rose 1.3 percent to 4,438 points, its highest close since September 2008. Emirates NBD rose 0.9 percent to 8.32 dirhams after EFG Hermes raised its fair value estimate on the Dubai bank to 10.00 dirhams per share from 8.10 dirhams and upgraded its rating for ENBD to buy from neutral.
03-31-2014, 03:41 AM
MIDEAST STOCKS-Emaar leads Dubai gains; Egypt extends drop
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