Property stocks rise, with Deyaar up 14.7 percent and Union Properties up 15 percent.
Gulf Navigation surges 14.9 percent, and National Central Cooling (Tabreed) climbs 10.1 percent.
"Risk appetite has improved over the course of the last four to five weeks... broadly speaking fourth-quarter results have been better than expected and the macro environment, global and local has also improved," says an Abu Dhabi-based trader who asked not to be identified.
The benchmark rises 2.2 percent to 1,522 points, its highest close since Aug. 4.
"Risk appetite has improved over the course of the last four to five weeks... broadly speaking fourth-quarter results have been better than expected and the macro environment, global and local has also improved," says an Abu Dhabi-based trader who asked not to be identified.
The benchmark rises 2.2 percent to 1,522 points, its highest close since Aug. 4.
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