Dubai index likely to continue outperforming regional peers | GulfNews.com:
"The Dubai Index, which fell 0.9 per cent in Sunday’s trade compared to Saudi Arabia’s 3.3 per cent decline, is likely to continue outperforming regional peers, analysts said on Sunday.
The Dubai index has gained more than 8.7 per cent since the start of the year, compared to 8.12 per cent gains in the Saudi index. That makes it the top regional performer so far, with analysts expecting the trend to continue.
“Surprisingly Dubai was doing worse than Saudi Arabia when crude prices fell, so things have changed, which is positive for Dubai,” said Sanyalaksna Manibhandu, manager of research at the National Bank of Abu Dhabi Securities."
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