Dubai Stocks Hit 17‑Year High as Gulf Markets Rally on Ceasefire Hope

Dubai’s main stock index surged 1.3%, reaching its highest level in 17 years amid growing optimism across Gulf markets. The rally was largely driven by the continuation of a ceasefire between Israel and Iran, which boosted investor confidence and regional stability. Major contributors included Dubai Islamic Bank, rising 4.9%, and toll operator Salik, which gained 2.2%. This upward trend reflects a renewed investor appetite for regional equities following months of geopolitical uncertainty.

The momentum wasn't limited to Dubai—Abu Dhabi’s market climbed 0.8%, while Saudi Arabia extended gains for the fourth straight session. Analysts also pointed to strong oil demand as a key supporting factor in the rally. As confidence returns to regional markets, Dubai is once again positioning itself as a top investment hub in the Middle East, attracting both local and global investors eager to capitalize on the bullish momentum.

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