Qatar, Dubai Shares Lead Gulf Gains on Oil, Economic Recovery

Qatar and Dubai stocks rose, leading gains in the oil-rich region, as crude traded above $82 a barrel and after U.S. data topped forecasts, easing concern that the global economic recovery is faltering.

Industries Qatar, the second-biggest petrochemicals maker in the Middle East, advanced 2.4 percent and Emaar Properties PJSC, builder of the world’s tallest skyscraper in Dubai, gained 2.1 percent. The QE Index climbed 1 percent to 7,103.89, the highest level in six weeks, at the 12:30 p.m. close in Doha, and Dubai’s DFM General Index increased 1.2 percent, the most since July 21. The Bloomberg GCC 200 Index rose as much as 0.6 percent before closing at 54.65.