Gulf Shares Gain, Led by Dubai, on OPEC Oil Supply Speculation

Persian Gulf benchmark stock indexes, led by Dubai, were among the world’s biggest gainers on speculation OPEC will consider boosting oil output to compensate for disruptions in Libya and as the Gulf weighs an aid plan for Bahrain and Oman.

Arabtec Holding PJSC, the biggest publicly traded construction company in the United Arab Emirates, surged 7.9 percent after it delayed the sale of convertible bonds and a rights offering. Emaar Properties PJSC increased a second day. The DFM General Index climbed 2.2 percent to 1,443.28, the highest level since Feb. 27, at the 2 p.m. close in Dubai. The gauge has lost 11 percent since Tunisia’s President Zine El Abidine Ben Ali was ousted in January. The BGCC 200 Index gained 1.3 percent and Saudi Arabia’s benchmark rose 0.6 percent.