Thursday, 4 October 2012

STOCKS NEWS MIDEAST-Market reforms help Dubai hit new 5-mth high - Yahoo! News Maktoob

Dubai's index reaches a fresh five-month closing high after the market regulator approved reforms aimed
at boosting liquidity.
Late Wednesday, the regulator said it had approved long-awaited rules to allow lending and borrowing of securities, short selling and the introduction of market makers.
"These reforms have been long-awaited and should increase liquidity in the medium term," says Kanaga Sunder, Gulf Baader Capital Markets head of research in Muscat.

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