MIDEAST STOCKS-UAE profit-taking may continue; Egypt rate decision no surprise

April 26, 2015 5:44 AM

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DUBAI, April 26 (Reuters) - Stock markets in the United Arab Emirates may face more selling pressure on Sunday after investors started booking profits at the end of last week following strong rallies.

Stock indexes in Dubai and Abu Dhabi fell 1.1 and 1.6 percent respectively on Thursday after both hit their 2015 highs a day earlier. Dubai had risen 30 percent from its March trough to last week's peak while Abu Dhabi had climbed 11 percent from its 2015 bottom, also hit last month.

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