UAE Dubai and Abu Dhabi lead Gulf market rally

UAE stock markets surged to their highest levels in two months as investors reacted positively to reports of a potential agreement between the United States and Iran. Dubai’s main index jumped 3.8%, while Abu Dhabi’s benchmark gained 2.7%.

Major gains were recorded in banking, real estate, and infrastructure stocks. Investors believe a diplomatic breakthrough could improve regional stability, boost trade activity, and reduce pressure on shipping routes across the Gulf.

Source : Reuters.