Middle East Shares Rise on Hopes of No Military Strike on Syria

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MidEast stocks rallied on signs that Syria may avoid a U.S. military strike.

Russia said Syria could avert a strike if it gave up its chemical weapons to international authorities. Late on Tuesday, the Syrian government accepted the proposal, according to Russian news agency Interfax.

Dubai's main index surged 8.5% to 2,522 points, Abu Dhabi rallied 5.5% to 3,672 points, Qatar added 4.9% to 9,596 points, Saudi Arabia firmed 2.9% to 7,865 points, Egypt advanced 3.1% to 5,408 points, Kuwait rose 2.9% to 7,446 points, Oman edged up 2.6% to 6,544 points and Bahrain inched up 0.4% to 1,185 points.




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This article appears in: Investing , Commodities

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