Arab stocks advance

dubai — Stocks across most Arab markets advanced on Sunday as the risk of a military showdown between the US and Russia in Syria that would roil the region faded.

Saudi Arabia’s Tadawul index led the advance as all but one stock rose, and Dubai’s main equity gauge climbed the most since June. Shares in Abu Dhabi gained as much as 1.3 per cent, sending the benchmark index to the highest level on a closing basis since August 2015.

On Sunday, the Tadawul All Share Index climbed 1.9 per cent, the most since June. Dubai’s DFM General Index added 1.8 per cent, led by Emaar Properties’ 2.9 per cent increase. Abu Dhabi’s ADX General Index rose 1 per cent. — Bloomberg