GCC Market Analytics: September GCC Index Review

All GCC indices rose in value during September but the DFM General Index was the stand out performer, rising 13.48% over the month.

In part this was a case of the DFM General Index playing catch up with the other GCC indices. Going into September the Index was down 18% for the year, almost twice as much as the next worst performing index. Dubai is still the worst performing Index so far this year but is now down only 6.65%.

On the volume front the DFM General Index was also the leader in September with a +175% increase in shares traded compared to the previous month. However, in absolute terms the DFM General Index volume during September was nothing special ranking only fifth highest month so far in 2010.

Enjoy.

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