Dubai Index Rallies Most Since 2009 on Syria Strike Delay - Bloomberg

Dubai Index Rallies Most Since 2009 on Syria Strike Delay - Bloomberg:

"Dubai’s stock index surged the most since December 2009 after President Barack Obama said the U.S. would put a strike on Syria on hold if the nation followed through on a proposal to surrender its chemical weapons.
The DFM General Index (DFMGI) climbed 8.5 percent, the biggest gainer among 94 gauges monitored by Bloomberg globally, to 2,522.15 at the close in Dubai. Before today, the measure had plunged 15 percent from a five-year high on Aug. 25. Emaar Properties PJSC (EMAAR), the stock with the biggest weighting on the index, soared 8.5 percent, while discount carrier Air Arabia PJSC (AIRARABI) jumped 10 percent. Abu Dhabi’s measure gained 5.5 percent and Qatar’s 4.9 percent."

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