DUBAI: Dubai's shares rose Thursday, snapping a three-day loss, as US reports signaled a broadening global economic recovery. Oil traded above $90 a barrel. The DFM General Index climbed 0.6 percent to 1,657.92, bringing the gain for the week to 1.7 percent. Elsewhere, Qatar's QE Index dropped 0.3 percent and Abu Dhabi's ADX General Index retreated 0.2 percent. Kuwait's gauge lost 0.6 percent, while Bahrain's measure advanced 0.4 percent. Saudi Arabia's market is closed for the weekend. Emirates NBD PJSC, the United Arab Emirates biggest bank, jumped 2.4 percent. Emaar Properties PJSC, builder of the world's tallest skyscraper, rose the most in a week. The MSCI Asia Pacific Index rose 0.8 percent today and the STOXX Europe 600 Index increased 0.6 percent. Emirates NBD increased to AED2.95, the highest intraday level since Jan. 2. Emaar rose as much as 1.1 percent, the most since Dec. 30, and last traded up 0.6 percent at AED3.52.
