Dubai's shares rose yesterday as investors increased holdings in companies amid expectations of increased dividend payouts in the new year.
Emaar Properties, the developer behind the Burj Khalifa, gained 1.6 per cent to Dh3.71. Aramex, the region's biggest courier company, advanced 2.5 per cent to Dh2.02. The Dubai Financial Market General Index gained 0.9 per cent to 1591.54 points.
"The next catalyst will be the fourth quarter results," said Haissam Arabi, the chief executive at Gulfmena Investments in Dubai.
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