Ceasefire agreement between the US and Iran drives Dubai stock market to its largest gain in over a decade

(1) After the United States and Iran reached a two-week ceasefire agreement, Dubai's benchmark stock index surged by 10% during trading, marking the largest increase since December 2014. Investors flocked to real estate and banking sectors.(2) The Abu Dhabi stock market also rose in tandem, with the ADX Composite Index posting an intraday gain of up to 3.5%, the largest single-day increase since March 2024. Previous conflicts had caused intense volatility in Gulf markets and threatened regional energy infrastructure.(3) The ceasefire involved reopening the Strait of Hormuz in exchange for pausing US and Israeli military actions, helping to restore oil transport routes. Brent crude oil futures plunged 16%, while global stock markets rose broadly. Previously, attacks within the United Arab Emirates had raised concerns over the safety of critical energy facilities and shipping.