World markets tell a different story as Egyptian President Hosni Mubarak vows that after the next elections he would step down, failing to placate the protesting civilians.

The Arab World saw a steep rise in stocks, especially in Dubai and Abu Dhabi, in the aftermath of that seemed to convince investors as the Egypt's unrest is reaching an apex.

The opening of trading at the Dubai Financial Market General Index showed 1567.99, with the biggest gain in a month rising at 1.57 percent, while the Abu Dhabi Securities Market General Index rallied 0.80 per cent to 2620.19.

Wafa Financial Services’ trading manager Amjid Bakir said that western stock market was filtering through to the Gulf that came across as good news.

Yesterday, the western markets had a strong session showing S&P 500 Index of 1,307.59, which rallied by1.67 percent than earlier figures and the FTSEurofirst 300 increasing 1.42 percent to 1,159.80.