Abu Dhabi, Dubai bourses track global stocks higher – Markets

Stock markets in United Arab Emirates closed higher on Friday, in line with global equities, as higher growth in the rental market improved investor sentiment.

The MSCI world equity index gained 1.5%, while European stocks hit a one-week high and were up 1.3%.

In Abu Dhabi, the index advanced 0.9%, bolstered by a 5.2% gain in investment firm Multiply Group and a 3.3% jump in Aldar Properties.

However, the Abu Dhabi bourse registered a weekly…