"Dubai stocks climbed for a seventh day, the longest winning streak in two months, tracking a global rally amid optimism central banks will continue their monetary stimulus measures.
The benchmark DFM General Index, the world’s third-best performer this year among 94 gauges tracked by Bloomberg, gained 2 percent at the close in Dubai to the highest close since November 2008. Abu Dhabi’s measure increased 0.9 percent.
Emerging-market stocks rose, extending a weekly rally, as the European Central Bank executive board member Vitor Constancio said the euro area’s slow recovery implies that policy has to stay “accommodative for a longer period of time”. U.S. stocks also rose for a third week, sending benchmark indexes to all-time highs, as Federal Reserve Chairman Ben S. Bernanke pledged sustained monetary stimulus."
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