UAE bourses gain on optimism for US-Iran peace talks

About this update from Boursa Kuwait Securities Company (k.p.s.c)

Stock markets in the United Arab Emirates advanced in early trading on Wednesday, building on the previous session's gains as optimism over renewed U.S.-Iran peace talks lifts investor sentiment.The United States said on Wednesday that its military had fully halted sea trade to and from Iran, even though President Donald Trump suggested negotiations with Tehran to end the war could restart this week.Trump said U.S. and Iranian officials may meet again in Pakistan within the next two days, while Vice President JD Vance said he felt encouraged by the current state of talks, even though last weekend's discussions ended without a breakthrough.Dubai's main share index DFM:DFMGI advanced 1.6%, boosted by a 2.7% rise in blue-chip developer Emaar Properties DFM:EMAAR and a 2.1% increase in top lender Emirates NBD DFM:EMIRATESNBD.Budget airliner Air Arabia DFM:AIRARABIA jumped 3.1%.In Abu Dhabi, the index ADX:FADGI gained 0.7%, with Aldar Properties ADX:ALDAR climbing 2.9%.

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