Dubai Financial Market General Index increased by 1.45 percent

Most indices in the Gulf Arab region increased Sunday after the United States bellwether Dow Jones Industrial Average hit an all-time high last Friday.

The Dubai Financial Market General Index increased by 1.45 percent closing at 1,909.39 points, the highest in three weeks.

The real estate bellwether Emaar Properties and the FTSE NASDAQ Dubai UAE 20 Index, rose by 2.96 and 1.14 respectively.

The Abu Dhabi market index ADXGI increased by 0.40 percent closing at 2,982.43 points on Sunday.

Meantime, the Manama-based Bahrain All-Share Index jumped by 0. 68 percent to hit a new 2013-high at 1,107.25 points.

The positive sentiment was triggered by the rally from last Friday in the U.S., when Arab markets remained closed as they observed the Islamic weekend.

The New York-based Dow Jones index closed at 14,397.07, the market measure for 30 American blue chip firms reached an all time high at 14,397,07 last Friday.

"Global equities continued an uptrend, supported by financials and stronger than expected U.S. employment data, Chinese export growth and Japanese GDP," said Nasser Saidi, a leading Dubai-based economist and advisor to the International Monetary Fund on Middle Eastern issues earlier in the day.

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