Dubai Stock Index Posts the Biggest Monthly Increase in a Year
- Dubai’s benchmark ends five-month losing streak in July
- Abu Dhabi index posts biggest monthly gain since February 2016
Photographer: Jasper Juinen/Bloomberg
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Dubai’s main equity gauge posted its biggest monthly gain in a year, powered by a revival in the banking sector as better-than-estimated earnings help U.A.E. stocks escape this year’s doldrums.
The DFM General Index has surged 4.8 percent in July, ending five straight months of losses. In Abu Dhabi, the ADX General Index posted its largest monthly gain in more than two years, advancing 6.6 percent.