Investors in Dubai spur a new high for market - The National

Dubai's stocks surged to the highest in more than a year yesterday as retail investors flooded back to the market after signs of recovery in the global economy.

The benchmark Dubai Financial Market General Index has rallied by almost 30 per cent in the year to date, helping stocks erase losses from the sell-off triggered by last year's Arab Spring.

During yesterday's trading, the benchmark added another 3 per cent to reach 1,754.20, its highest level since November 1, 2010. In the capital, the Abu Dhabi Securities Exchange (ADX) General Index also climbed, rising 0.6 per cent to 2,641.29.

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