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UAE stocks rallied led by the real estate and banking sectors after U.S. President Donald Trump announced the suspension of a military strike on Iran, resulting in the Dubai Financial Market Index rising by 1.4% to 5,814 points, and the Abu Dhabi Securities Exchange index increasing by 0.7% to 9,612.88 points. Real estate and banking shares posted strong gains, with Emaar Properties shares up by 3.7% and Aldar Properties shares increasing by 3%.
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