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Gulf region stock markets rebound, Dubai stock index records the largest increase in nearly a decade
ME News, April 8 (UTC+8). After a two-week ceasefire agreement was reached between the United States and Iran, Dubai’s benchmark stock index surged by more than 10% at one point, marking the largest increase since 2008. The conflict had previously rattled Gulf markets and threatened the region’s energy infrastructure. Dubai’s Financial Market General Index rose as much as 8.5%, the largest intraday gain since December 2014. After weeks of war-related volatility, investors rushed into real estate and banking stocks. Abu Dhabi’s stock market also climbed; the ADX General Index rose as much as 3.5%, the largest increase since March 2024. (Jin10) (Source: ODAILY)