Dubai's index ends at a nine-week closing high as investors bet that good fourth-quarter earnings will be
announced early next year.
The index ends 1.1 percent higher at 1,629 points, its highest finish since Oct. 24. Blue chip Emaar Properties
leads the gains, rising 1.9 percent, and Air Arabia climbs 4.3 percent. Property developer Deyaar rises
2.9 percent.
"Investors are betting on good earnings in the fourth quarter and maybe a good rally next month," says
Mohab Maher, senior manager at the institutional desk for MENA Corp.
Oman's index ends 0.8 percent higher at 5,730 points with most stocks advancing. Bank Muscat is the main
gainer, advancing 2.0 percent.
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