Dubai Index Rallies Most Since 2009 on Syria Strike Delay - Bloomberg

Dubai Index Rallies Most Since 2009 on Syria Strike Delay - Bloomberg:

"Dubai’s stock index surged the most since December 2009 after President Barack Obama said the U.S. would put a strike on Syria on hold if the nation followed through on a proposal to surrender its chemical weapons.
The DFM General Index (DFMGI) climbed 7.7 percent, making it the biggest gainer among 94 gauges monitored by Bloomberg globally, to 2,503.94 at 12:59 p.m. in Dubai. Before today, the measure had plunged 15 percent from a five-year high on Aug. 25. Emaar Properties PJSC (EMAAR), Dubai’s biggest stock, soared 7.4 percent and discount carrier Air Arabia PJSC (AIRARABI) rose the most since 2009. Abu Dhabi’s measure added 5.4 percent and Qatar’s 4.7 percent."

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