UAE markets surge on the first trading day of 2013 on positive global sentiment, with most bluchip stocks trading higher.
Dubai's index ends 2.7 percent higher at 1,667 points, its highest close since April 24. Real estate stocks are
the biggest gainers. Union Properties surges 8.9 percent and builder Arabtec adds 7.1 percent. Deyaar Properties rises 4.6 percent.
"Markets are reacting positively after the deal signed in the USA regarding the fiscal cliff," says Sebastien Henin,
portfolio manager at The National Investor.
STOCKS NEWS MIDEAST-UAE mkts surge after US fiscal agreement - Yahoo! News Maktoob
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