MIDEAST STOCKS-Dubai up as Air Arabia jumps to near 5-yr high | Reuters:
"Dubai-listed budget carrier Air Arabia surged to a near five-year high on Wednesday, leading a rally on the emirate's bourse ahead of UAE second-quarter earnings.
Air Arabia jumped 8.3 percent to reach its highest level since October 2008 and was also the biggest gainer and top trader on the market.
"Air Arabia has been our favourite pick since the beginning of the year because it's a defensive stock that also has a high growth story," said Marwan Shurrab, fund manager and head of trading at Vision Investments."
'via Blog this'
No comments:
Post a Comment