Dubai Stocks Soar Most in a Decade on Iran War Ceasefire Relief

Dubai’s benchmark stock index surged the most in more than a decade after the US and Iran agreed to a two-week ceasefire in a conflict that had rattled Gulf markets and threatened energy infrastructure across the region.

The Dubai Financial Market General Index jumped as much as 8.5%, the biggest intraday increase since December 2014, as investors piled into real estate and bank shares following weeks of volatility tied to the war.