Expectations of solid numbers at Emaar Properties , combined with positive global sentiment, should help keep markets in the United Arab Emirates moving in an upward direction.
Asian stocks and the euro pared earlier losses after Greek leaders said they are nearing a full agreement on a rescue plan.
Saudi index ended at a 21-month high, as banking and petrochemical stocks lead a rally.
Petrochemical stocks advance over rising fuel costs and bank stocks support, helping the kingdom's index edge higher.
The euro was at eight-week high and European shares rose on Wednesday on hopes that a deal on a second bailout for Greece was close, shrugging off data illustrating the damage the debt crisis has done
Emerging-market stocks rose to a six- month high as investors bet Greece will reach an agreement for a second bailout, decreasing the risk Europe’s debt crisis will drag down global growth.
Most Gulf markets ended lower, pausing from recent rallies as investors book profits. Saudi telecom company Etihad Etisalat (Mobily) rose, helping lift the Saudi index which ended slightly higher.
European shares fell on Tuesday morning, after disappointing earnings reports from UBS and Alfa Laval and as Greece remained in danger of failing to secure a new bailout to avoid a chaotic default on
Asian stocks swung between gains and losses, with the regional benchmark index trading near a five month high, as investors await the outcome of a second round of negotiations in Greece.
Gulf stocks markets ended mixed as the euro and European shares are down on nerves Greek would fail to come up with the political commitments needed to avoid a potential sovereign debt default taking
