The DFM General Index increased 0.9 percent, the most since Nov. 21, to 1,674.77 at the close in Dubai. Abu Dhabi’s measure retreated 0.7 percent, while Saudi Arabia’s Tadawul All Share Index rose 0.4 percent.
The following stocks gained or fell in the Gulf. Symbols are in parentheses.
Emaar Properties PJSC (EMAAR UH) advanced the most in more than a week, gaining 1.4 percent to 3.65 dirhams. Dubai’s property market, which fell more than 50 percent from its peak, has reached bottom and is moving toward recovery, according to Mohamed Alabbar, the chairman of the shiekhdom’s biggest developer.
Saudi Basic Industries Corp. (SABIC AB) climbed the most in more than three weeks, increasing 1 percent to 100.5 riyals. The world’s biggest petrochemical maker won’t be affected by India’s anti-dumping duty on Saudi polypropylene, Al-Watan said, citing Chief Executive Officer Mohamed al-Mady.
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