Dubai markets continue surge

Dubai shares continued to climb as solid fundamentals and improved clarity within local companies encourage investors, brokers said.

Dubai shares continued to surge on Tuesday as solid fundamentals and improved clarity within local companies encourage investors, brokers said. "Fundamentals matter for a sustainable rally," said Hassan el Saleh, the head of institutional trading at AlRamz Securities in Abu Dhabi. The Dubai Financial Market General Index added 0.8 per cent to 1,701.15, the highest since May 18. The index is up 14.4 per cent since the beginning of this month.