Tuesday, 17 July 2012

UAE, Qatar markets rally on Q2 hopes - Stocks - ArabianBusiness.com

UAE and Qatar markets extend gains, with Dubai finishing at a 10-week high as investors pick up stocks on earnings optimism.
Dubai's index ends 0.9 percent higher at 1,529 points, its highest close since May 8.
"The index broke the 200-day moving average at 1,505-1,515 and this gives it more strength towards 1,546 in the near-term," says Amjad Bakir, head of MENA Corp Securities.

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