Emirati traders check the stocks of Emaar Malls on the screen at the Dubai Financial Market in United Arab Emirates, Thursday, Oct. 2, 2014. (AP Photo/Kamran Jebreili)
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Dubai stocks gained a fifth day amid declining trading across Gulf Arab equity markets, with some investors taking a long weekend and the start of Ramadan about a week away.About 140 million shares were traded on the emirate's main measure, less than half of the six-month average.Eshraq Properties Co. slipped 1.3 percent as almost 67 million shares were exchanged.Qatar's QE Index retreated 0.4 percent as 1.4 million shares traded on the main measure, compared with a 20-day average of 4.3 million. The lender said Saturday it raised a 2.25 billion euro ($2.5 billion) loan with 14 banks, upsizing from 1.5 billion euros based on demand.The company plans to list Khaleeji Commercial Bank in Dubai, Al Arabiya reported.Kuwait Food Co., the Middle Eastern operator of franchises including Pizza Hut and KFC, was suspended after a deal to acquire 69 percent of the company collapsed.Shares of Beltone dropped 4 percent.
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