Dubai Index Rises to 5-Year High on Property Rally; Egypt Gains
This article is for subscribers only.
Dubai’s benchmark index rose to the highest in more than five years as real estate stocks extended the rally. Egyptian shares advanced as the president set a date for a referendum on the draft constitution.
The DFM General Index climbed 0.9 percent to 3,186.55, the highest since October 2008, at the close in Dubai. Emaar Properties PJSC, the developer with the biggest weighting on the index, gained for a seventh day. Arabtec Holding Co., the largest construction company in the United Arab Emirates, jumped