Stocks in Dubai and Qatar led gains in Gulf stocks, tracking emerging market increases. REUTERS/Naseem Zeitoon
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Stocks in Dubai and Qatar led gains in Gulf stocks, tracking emerging market increases as Brent crude prices recovered.The Bloomberg GCC 200 Index, a gauge of the largest and most liquid shares in the six-nation Gulf Cooperation Council, traded 0.6 percent higher.Companies on emirate's benchmark gauge trade at about 10 times expected 12-month earnings, compared with a peak of more than 19 times two years ago, according to data compiled by Bloomberg.MSCI Inc.'s emerging markets index is up 6.2 percent this quarter.Oman's MSM 30 Index and Bahrain's BB All Share Index each increased less than 0.1 percent.
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