Dubai’s DFM General Index Rises 20 Percent From March Low - Businessweek

Dubai’s benchmark stock index entered a so-called bull market today after rebounding 20 percent from this year’s low.

The DFM General Index advanced less than 0.1 percent to 1,623 at 10:02 a.m. in Dubai, surpassing the 20 percent threshold some investors consider as the beginning of a bull market.

The index declined 4.6 percent in the first quarter, reaching a low of 1,352.24 on March 3, after uprisings in the Middle East and North Africa that ousted Egypt and Tunisia’s leaders reached the Persian Gulf states of Oman, Saudi Arabia and Bahrain.