Sunday 20 October 2013

Dubai bourse surges to five-year high as Eid ends - Stocks - ArabianBusiness.com

Dubai bourse surges to five-year high as Eid ends - Stocks - ArabianBusiness.com:

"Dubai's share index jumps to a new five-year high on renewed buying by retail investors as week-long Eid holidays end. Optimism over third-quarter earnings, to be announced in the next few weeks, and a positive global backdrop help the market.
The index climbs 2.1 percent to 2,890 points, its highest intra-day level since November 2008.
Shares in blue chip Emaar Properties advance 2.7 percent and Dubai Financial Market, the Gulf's only listed bourse, climbs 4.0 percent."

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