UPDATE 1-MIDEAST STOCKS-Dubai extends gains, Omantel weighs on Oman

April 15, 2015 7:00 AM

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DUBAI, April 15 (Reuters) - Dubai's bourse rose in early trade on Wednesday after a positive first-quarter report from one of its real estate companies, while Omantel dragged down Oman's market after being fined by the regulator.

The Dubai index climbed 0.5 percent and Deyaar Development rose 1.5 percent. The firm became the first Dubai real estate company to post earnings this season and reported a 6 percent rise in first-quarter net profit, well ahead of SICO Bahrain's forecast.

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