MIDEAST STOCKS-Dubai makes biggest gain in August; Egypt up on shorter curfew | Reuters:
"* Highest Dubai volume since June 2009
* Four small-caps up 15 pct daily limits
* Market up 68 pct year-to-date
* Doubts over whether Egypt's rally will continue
* Saudi continues pull-back from near five-year high
By Nadia Saleem
DUBAI, Aug 25 (Reuters) - Dubai's bourse on Sunday posted its largest one-day gain in August as small-caps surged on buying by retail investors, while Egypt rose for a fourth straight session after curfew hours were reduced.
The Dubai index jumped 1.8 percent to a new 57-month high of 2,748 points as the market traded 1.29 billion shares, the highest volume since June 2009.
Four small-caps hit their daily upward limits of 15 percent: Union Properties, Deyaar Development, Gulf Navigation and National Cement."
'via Blog this'
No comments:
Post a Comment