So far this year, the Dubai Financial Market (DFM) General Index has risen 25.6 per cent. The increase is welcome - the index finished last year about 500 points and 17.3 per cent lower than at the close of 2010.
Is the new rise of the Dubai bourse sustainable? Peter Gotke, the vice president and head of depositary receipts for the GCC at BNY Mellon, said that if risk appetite were higher today and hedge funds were part of the inflow, even gentle pressure could spur money to leave the emirate again tomorrow.
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