Dubai's bourse jumped to a six-week high on Wednesday, as property stocks surged on hopes that Abu Dhabi's decision to restart stalled projects including the Louvre and Guggenheim museum branches would lift the struggling real estate market.
Most other Gulf bourses gained in muted trade as investors stayed on the sidelines with many of the big companies yet to report fourth-quarter results.
"Dubai managed to be the best performing market in the region today," said Marwan Shurrab, vice-president and chief trader at Gulfmena Investments.
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