Gulf Equity Markets Rise, Shrugging Off Lower Crude: Inside EM
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Dubai’s equities index led gains in the Gulf Sunday as traders focus on the long-term prospect for oil, shrugging off the first week of decline for Brent in two months.
The DFM General Index finished 1% higher after the city at the weekend announced an urban plan for the next two decades. Gauges in Saudi Arabia, Abu Dhabi, Oman, Kuwait and Qatar also rose.