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2026-04-08 14:57:33
[US-Iran ceasefire agreement drives Dubai stock market to its biggest gain in over a decade] (1) Dubai’s benchmark stock index surged as much as 10% intraday after the US and Iran reached a two-week ceasefire agreement, marking its biggest gain since December 2014. Investors flocked to the real estate and banking sectors. (2) Abu Dhabi’s stock market also rose, with the ADX Composite Index rising as much as 3.5% intraday, its biggest single-day gain since March 2024. The conflict had previously caused severe market turmoil in the Gulf and threatened the region’s energy infrastructure. (3) The ceasefire, which reopened the Strait of Hormuz in exchange for a halt to US-Israeli military operations, will help restore oil transport. Brent crude futures plunged 16%, and global stock markets generally rose. The attack on the UAE had previously raised concerns about the security of key energy facilities and shipping.
