Just four months ago, share prices and trading values in Dubai fell to the lowest levels since 2004. Now stock trading has increased eight-fold, the most among the world’s 40 biggest markets, as the emirate rebounds from its biggest financial crisis.
“In December, you could fall asleep at your desk and wake up and nothing would be happening,” said Waleed Al Khateeb, 37, the senior finance manager at Daman Securities LLC in Dubai. This year, brokers are working non-stop “dealing with this increased activity,” he said in a March 15 phone interview.
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