Dubai's shares rose, pacing gains in the Persian Gulf, before a report on U.S. jobless claims and as oil prices advanced.
Drake & Scull International PJSC, a construction company, climbed to the highest in two weeks. Dubai Islamic Bank, the biggest Shariah-compliant lender in the United Arab Emirates, rose for the fourth time this week. The DFM General Index gained 0.4 percent to 1,557.85 at the 2:00 p.m. close in the emirate. The measure rose 2.7 percent this week. The Bloomberg BGCC200 Index, which tracks the biggest 200 companies in the Gulf, advanced 0.7 percent this week.
'Regional markets are gaining direction from international news flows and international markets performance,' said Marwan Shurrab, assistant fund manager and chief trader at Dubai-based Gulfmena Alternative Investments.
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