File - Investors share a laugh as they monitor stocks at the Dubai Financial Market, June 17, 2013. (REUTERS/Jumana El Heloueh)
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Dubai's bourse made its biggest one-day gain in four months Thursday as retail investors drove it to a fresh five-year high in bets ahead of earnings, while most of the other markets in the region also gained.Dubai's index climbed 3.6 percent to 3,819 points, its largest one-day rise since Sept. 15 and highest close since October 2008 .The firm's earnings are expected in early March; analysts forecast the firm will make between 841.5 million and 547.2 million riyals in profit for the quarter.The market, however, lags most regional peers in January performance, following a set of disappointing earnings from blue-chip firms.Elsewhere, Kuwait's measure climbed 0.4 percent despite blue chip National Bank of Kuwait shares losing 1.1 percent after its earnings slumped and missed estimates.
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