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Sky News
Sky News
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The Gulf markets saw an increase in stock indices following the resumption of trading after the Islamic New Year holiday. The Dubai Stock Exchange index rose by 2%, supported by gains in real estate development and banking stocks. Meanwhile, the Abu Dhabi index increased by 1.2% with gains in banking and real estate shares. The Qatar and Saudi Arabia indices each rose by 0.2% and 0.6%, respectively. This comes amid market assessments of the possibility of restoring oil supplies through the Strait of Hormuz after a preliminary agreement between the United States and Iran.
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