Stock markets in the United Arab Emirates closed higher on Friday, recovering from earlier session weakness as investors tracked broad-based gains in global equities.
Dubai's main share index, the Dubai Financial Market General Index, advanced 0.9% to close the day on a positive note.
The rally was anchored by a sharp rise in shares of Etisalat by e&, the UAE's largest telecommunications operator.
The stock surged following reports that the company is moving forward with the sale of its stake in Vodafone Group.
The transaction signals a strategic shift for the state-linked telecom giant, potentially unlocking value and reducing exposure to the UK-listed carrier amid ongoing restructuring efforts in the European telecom sector.
Broader market sentiment in the region benefited from a risk-on tone across international markets.