Dubai Stocks Gain Most in Week on Dubai Investments Dividend
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Dubai’s benchmark stock index rose the most in more than a week after dividend announcements by companies including Dubai Investments PJSC improved sentiment and as oil rebounded.
Dubai Investments, the owner of stakes in more than 40 companies, advanced 5.1 percent. Dubai Islamic Bank PJSC, the United Arab Emirates’ biggest bank complying with Shariah rules, rose for the second time this week. The DFM General Index climbed 0.7 percent, the most since March 13, to 1,655.50 at the 2 p.m. close in the emirate.