UAE markets surged on Monday in an unusual year-end trend as investors bet on a bullish 2014 outlook, while Egypt's bourse halted a two-session decline after the government defined a timeframe for presidential and parliamentary elections. Abu Dhabi's index climbed 1.6 per cent to a fresh five-year high, taking year-to-date gains to 62.3 per cent, in its biggest one-day gain in three-and-a-half months. The bourse played catch-up to advances on Dubai's bourse, which has risen 105.4 per cent in 2013. "It's a bit unconventional for such movement at the end of the year," said Marwan Shurrab , fund manager and head of trading at Vision Investments. Dubai's measure rose 1.4 per cent, also hitting a new five-year high, recovering from Sunday's 0.6 per cent dip. In Egypt , the benchmark index added 0.1 per cent. In Saudi Arabia, petrochemical and cement shares helped boost the index, which advanced 0.3 per cent. Kuwait's measure slipped 0.6 per cent, slumping to its lowest close since September 10 .
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