Dubai Financial Gains Most in 14 Months on IPO Bets: Dubai Mover
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Dubai Financial Market climbed the most in more than a year as the emirate’s economic recovery spurs investor expectations for initial public offerings on the bourse.
The shares jumped 8.7 percent, the biggest gain since March 2012, to 1.63 dirhams at the close in the emirate, bringing the gain this month to 30 percent. The stock was the most active on the benchmark DFM General Index, which rose 1.2 percent. About 107 million shares were traded, or 5.4 times the three-month daily average.