Investors watch a monitor at Dubai Financial Market April 27, 2014. REUTERS/Mounir Saidi
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Dubai stocks advanced the most among Middle Eastern equities as the European Central Bank's monetary stimulus boosted demand for emerging-market assets, adding fuel to bullish sentiment in the emirate. DFM General Index climbed 1.4 percent to 3,401.03, extending four weeks of gains, the longest streak since April. Saudi Arabia's Tadawul All Share Index rose 0.2 percent.Dubai stocks have been rallying after Brent crude prices climbed from the lowest level since 2003, lifting the emirate's equity index into a bull market last month.About 566 million shares traded on Dubai's benchmark, double the six-month average, according to data compiled by Bloomberg. Thirty-day volatility on the gauge has dropped to the lowest in two months, and the measure is about 3 percent from following Dubai, Abu Dhabi and Qatari stocks into a bull market.Bahrain's BB All Share Index lost 0.3 percent and Qatar's QE Index dropped by 0.6 percent.
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