Dubai Stocks Rise Most Since July on Global Rally; Tadawul Jumps
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Shares in Dubai climbed the most in more than three months after global equity markets rallied with oil and as some investors speculated the selloff last week was overdone. Saudi Arabia’s shares advanced.
The Dubai Financial Market General Index, gained 3.5 percent to close at 4,419.36, the most since July 6. The gauge last week posted its steeped slump since December 2008, dragging its 14-day relative strength index to 23.4, the lowest since May