The index of Dubai in the stock market saw a rise after Dubai World announced their rollover plans, where the company would ask its lenders to roll over loan after presenting proposals to creditors this month.

Dubai World along with its two other units Nakheel PJSC and LLC Properties finances construction projects in Dubai. They struggled to finance the project of the palm tree shaped islands off emirates coast and sought delay in repaying loans.

Construction companies like the Emmar Properties PSJC, jumped to the highest in two months. The other companies that gained index are the Emirate NBD PSJC and DFM