UAE stocks surge in two-month high
UAE stocks recorded their biggest daily gains in two months, as Dubai Market indices rose by 3.84% to 5,954 points and Abu Dhabi Market by 2.7% to 9,804.91 points, with a turnover of 3.76 billion dirhams. This came amid anticipation of signing an agreement to de-escalate tensions in the Middle East. Notable gains were seen across the real estate, banking, and aviation sectors, with Emaar Properties' stock jumping by 8.3% and Abu Dhabi Islamic Bank's shares rising by 10.7%.
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