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12/27/24, 11:49 AM Dubai outperforms other Gulf markets in early trade - Markets - Business Recorder
MARKETS
Dubai outperforms other Gulf markets in early trade
Reuters Published December 26, 2024
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Dubai’s benchmark share index jumped to its highest level in more than a
decade on Thursday, lifted by real estate and industrial stocks, while most
other markets in the Gulf also gained amid stronger oil prices.
Oil prices, a catalyst for the Gulf’s financial markets, were up 0.1% on hopes for additional
fiscal stimulus in China and an anticipated decline in US crude inventories. Brent was
trading at $73.064 a barrel by 0805 GMT.
Dubai’s benchmark stock index rose 0.4% to 5,101, its highest in more than 10 years,
extending gains for a third straight session.
Emaar Development advanced 1.2% and toll operator Salik Company added 0.6%.
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