UAE stocks climb amid global optimism

The UAE stock markets rallied following the announcement of a preliminary agreement between the United States and Iran to end the conflict and reopen the Strait of Hormuz, which boosted risk appetite in the market. The Dubai Financial Market index rose by 3%, while the Abu Dhabi Securities Exchange index increased by 2%, supported by strong performances from banking and real estate sector stocks. This came amid expectations of an improvement in economic and regional conditions.

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