The value of shares traded on Dubai’s stock market soared to the highest since April 2010 today to 713 million dirhams ($194 million), according to Bloomberg data.

The benchmark DFM General Index, up 29 percent from a low in January, rallied 2.7 percent to 1,676.49 at the 2 p.m. close in the emirate.

Trading values had slumped to $5.3 million in November, the lowest since August 2004.

To contact the reporter on this story: Zahra Hankir in Dubai at zhankir@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net