Gulf Cooperation Council and Asian Markets

Asian markets: Abu Dhabi ADX General Index climbed 2.2 per cent, poised for the highest close in three weeks, according to Business Week. Gauges in Qatar, Kuwait and Oman also advanced, while Bahrain BB All Share Index fell 0.2 per cent. Dubai DFM General Index rose 1.7 per cent, the most on a closing basis in almost two weeks, to 3,637.07 as of 12:31 p.m. local time. Equities in the six-nation Gulf Cooperation Council are tracking gains in major Asian markets and the US on signals that China efforts to curb volatility in its stock market, including raising margin requirements, are succeeding almost a month after the world second-biggest economy weakened its currency. The advance is on the back of the positive momentum in the international markets overnight and this morning in Asia," said Muhammad Shabbir, the Dubai-based head of equities and funds at Rasmala Investment Bank. "Oil is also better. Brent crude, which has fueled economic growth in the GCC, extended gains after the biggest jump this month on 8 September. (news.financializer.com). As reported in the news.