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Saturday, 6 January 2018

UAE markets off to a very strong start | GulfNews.com

UAE markets off to a very strong start | GulfNews.com:

"2018 is off to a strong start with UAE markets spiking off lows during the shortened three-day trading week due to the New Year’s holiday. Oil was supportive of bullish investor sentiment and completed the week strong for the third week in a row. Stronger oil should continue to be supportive of further advances in UAE stocks. Dubai The Dubai Financial Market General Index (DFMGI) jumped by 93.50 or 2.77 per cent last week to close at 3,463.57. This was its strongest performance since mid-July of last year. A majority of issues participated in the rally, with 29 advancing and only nine decline, while volume dipped to a four-month low given the short week."



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