Rally in bank shares propels UAE indices higher | GulfNews.com:
"UAE indices started the new year on a strong footing on Thursday, led by bank shares. Among the Gulf markets, Dubai was the top performer, followed by Abu Dhabi and Qatar.
Dubai index rallied more than three per cent to close at 3472.29 points on Thursday.
The index hit a high of 3488.97 points and a low of 3354.39 points during intra trade.
Among the gainers, Dubai Islamic Bank (DIB) rose 11.94 per cent to Dh6, followed by Emirates NBD by 4.72 per cent to Dh6.65 and Tabreed by 4.17 per cent to Dh2.50. DIB surged the most in five years.
Bellwether Emaar rose 3.14 per cent to Dh7.88 while Arabtec traded at 1.74 per cent to Dh2.92."
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