Dubai's bourse makes its largest one-day gain since early August, hitting a 20-week closing high as upbeat global sentiment emboldens local investors, while Kuwait's market extends gains on positive technical cues. Dubai's index rises 1.6 percent to 1,616 points, its highest close since May 1.
Small-caps lead gains, with Gulf Navigation up 2.7 percent, Dubai Investments surging 10.6 percent and
Union Properties up 3 percent.
"There's a strong attribution of international news to moves in regional markets and we are more affected by policy measures than local news," says Marwan Shurrab, vice-president and chief trader at Gulfmena Investments.
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