Dubai Stock Index Climbs to 3-Week High as Syria Concern Eases - Bloomberg

Dubai Stock Index Climbs to 3-Week High as Syria Concern Eases - Bloomberg:

"Dubai’s stock index surged to the highest in almost three weeks as the threat of an imminent attack on Syria eased after the U.S. and Russia reached an agreement to eliminate the country’s chemical weapons.
The DFM General Index (DFMGI) climbed 3 percent to 2,613.63, poised for the highest close since Aug. 26., at 11:11 a.m. in Dubai. The measure had plunged as much as 15 percent since reaching a five-year high on Aug. 25 on concern the U.S. would launch a military strike against Syria. Emaar Properties PJSC (EMAAR), the stock with the biggest weighting on the index, rose 3.1 percent and Deyaar Development (DEYAAR) PJSC surged 5.7 percent. Abu Dhabi’s gauge gained 1.3 percent and Qatar’s rose 1.5 percent."

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