"Dubai Financial Market climbed the most in more than a year as the emirate’s economic recovery spurs investor expectations for initial public offerings on the bourse.
The shares jumped 8.7 percent, the biggest gain since March 2012, to 1.63 dirhams at the close in the emirate, bringing the gain this month to 30 percent. The stock was the most active on the benchmark DFM General Index, which rose 1.2 percent. About 107 million shares were traded, or 5.4 times the three-month daily average.
The bourse’s net income is poised to more than triple in 2013, according to the mean of four analyst estimates compiled by Bloomberg. Dubai’s economy is set to expand by 4.6 percent on average through 2015, according to government forecasts, as it benefits from Dubai’s plans to sell stakes in its companies to the public."
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