Dubai's market staged its biggest daily gain in more than two months as investors were buoyed by Greece's latest aid package.
The Dubai Financial Market General Index climbed 2.5 per cent to 1,555.13 points, its highest point in a week, in the first day of trading after the Greek Parliament approved a set of austerity measures that staves off fears of a eurozone debt crisis.
International equities climbed higher on Friday as some clarity emerged on Greece's debt crisis. The country is suffering from one of its deepest recession in 40 years and a default would probably lead banks to freeze lending to other indebted European countries, causing a eurozone contagion.
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