April 6 (Bloomberg) -- Emerging-market stocks climbed to the highest in almost six months as commodity prices advanced on speculation stimulus packages are beginning to thaw global credit markets and revive economic growth.

The MSCI Emerging Markets Index added 1.6 percent to 626.92 at 7:33 a.m. in London, the highest since Oct. 14. The index, which lost 54 percent of its value last year, has gained 11 percent in 2009 as governments take steps to increase liquidity and boost financial aid for developing nations hardest hit by the global credit crunch.

Crude oil climbed 2.1 percent to $53.60 a barrel in New York and copper headed for its longest winning streak in more than a year, helping improve the revenue outlook for emerging economies sustained by exports. The Micex Index in Russia, the world’s biggest energy-exporting economy, jumped 3.4 percent.

Oman’s benchmark stock index, the Muscat Securities Market 30 Index, increased 1 percent to the highest level in seven trading days. The Kuwait Stock Exchange Index added 0.8 percent.

To contact the reporter on this story: Laura Cochrane in London at lcochrane3@bloomberg.net

Last Updated: April 6, 2009 03:20 EDT