Dubai Stocks Climb to 5-Year High Before Earnings; Qatar Gains
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Dubai’s stock index, the world’s best-performer this year, advanced to the highest in more than five years as first-quarter earnings expectations spurred investor sentiment. Qatar also gained.
The DFM General Index rose 1.3 percent to 4,438.35, the strongest close in the Emirate since September 2008. Shuaa Capital PSC, the investment bank controlled by Dubai’s ruler, surged 5.6 percent. Qatar’s gauge increased 0.7 percent, the strongest close in almost three weeks.