Saturday 14 April 2012

Local bourses riding out global storm - The National

A bruising time for world markets did not spare the Emirates last week, but investors and economists are optimistic that the region will remain resilient this week.

The Dubai Financial Market General Index ended last week down 0.4 per cent, while the Abu Dhabi Securities Exchange General Index fell 0.3 per cent, its second week of declines.

Despite the losses, the UAE's markets outperformed many global market barometers, holding up better than the MSCI Emerging Markets Index, which fell 0.9 per cent during the week.

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