Dubai's index ends at a 9-month high, climbing for a second straight session, as investors express optimism about the emirate's growth in the new year.
The benchmark advances 0.9 percent to 1,682 points.
"Across equity markets a good sentiment is building up," says Sebastien Henin, portfolio manager at
The National Investor. "After a long time of staying away from equity markets, maybe investors are ready to come back. Though we can't say that things are back to risk-free zone."
Emaar Properties gains 1.3 percent and Dubai Islamic Bank adds 1.5 percent.
STOCKS NEWS MIDEAST-Dubai at 9-month high; Tamweel drops - Yahoo! News Maktoob
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