Global stocks, euro and oil staged a broad rally on Thursday after China said Europe remains a key investment market for its foreign-exchange reserves. Dubai DFM General Index advanced 0.9 percent to 1,605.22, paring the drop for the week to. The Kuwait Stock Exchange Index added less than 0.1 percent. Qatar's QE Index dropped 0.2 percent, Bahrain's gauge slid 1.3 percent and Abu Dhabi's ADX General Index fell 0.2 percent. Oman's index rose 2 percent, the most since Dec. 14, to 6,307.21. At the close of trade, the Dow Jones industrial average gained 284.54 points, or 2.85 percent, to 10,258.99. The Standard & Poor's 500 Index rose 35.11 points, or 3.29 percent, to 1,103.06. The Nasdaq Composite Index climbed 81.80 points, or 3.73 percent, at 2,277.68. The euro gained 1.67 percent at $1.237. US crude futures for July delivery settled $3.04 higher, up 4.25 percent, at $74.55 a barrel. ICE Brent July crude futures gained $2.92, or 4 percent, to settle at $74.66.
