Dubai's index made its largest one-day gain in two months on Wednesday in what traders said appeared to be end-of-year window-dressing, as most regional markets edged higher.
Dubai's benchmark climbed 2.1 percent, up from Tuesday's seven-year low, supported mainly by Emaar Properties which rose 2.8 percent and heavyweight Emirates NBD which gained 3.7 percent. Illiquid stock Mashreq bank jumped 7.4 percent, in year-end sporadic trade.
"There wasn't a major reason for the shares to drop and it wasn't due to companies' performances but investor sentiment," said Marie Salem, equity trader at Al Mal Capital.
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