Mideast Stocks – Emirates NBD Bank leads Dubai higher; Egypt extends gains – ZAWYA

Mideast Stocks – Emirates NBD Bank leads Dubai higher; Egypt extends gains – ZAWYA

mideast stocks - emirates nbd bank leads dubai higher; egypt extends gains mobily and bahri advance on second-quarter profit rise    image used for illustrative purpose. traders monitor stock information at dubai financial market, in dubai, united arab emirates, june 5, 2017.dubai's stock market ended higher on tuesday, led by gains for emirates nbd bank after the emirate's biggest lender received regulatory approval to increase its foreign ownership limit.the main share index in dubai gained 1.1%, with emirates nbd jumping 5.9% for its biggest intraday gain since april 9 after monday's green light to lift its foreign ownership limit to 40% from 20%. in the previous session, the lender retreated 1.9% on a 58% slide in second-quarter profit, having set aside more than $1.1 billion so far this year to cover expected bad loans in the face of the coronavirus crisis. the main share index in dubai gained 1.1%, with emirates nbd jumping 5.9% for its biggest intraday gain since april 9 after monday's green light to lift its foreign ownership limit to 40% from 20%. dubai's stock market ended higher on tuesday, led by gains for emirates nbd bank after the emirate's biggest lender received regulatory approval to increase its foreign ownership