Dubai's index reaches a fresh five-month closing high after the market regulator approved reforms aimed
at boosting liquidity.
Late Wednesday, the regulator said it had approved long-awaited rules to allow lending and borrowing of securities, short selling and the introduction of market makers.
"These reforms have been long-awaited and should increase liquidity in the medium term," says Kanaga Sunder, Gulf Baader Capital Markets head of research in Muscat.
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