Dubai's benchmark index surged over 10% following a two-week ceasefire agreement between the U.S. and Iran, marking its largest gain since 2008. The Dubai Financial Market General Index rose by 8.5% intraday, the most significant increase since December 2014, as investors turned to real estate and banking stocks after weeks of market volatility. Abu Dhabi's market also experienced a boost, with the ADX General Index climbing 3.5%, its strongest performance since March 2024. The ceasefire has alleviated concerns over regional instability and energy infrastructure threats, prompting a rally in Gulf markets.