Bull run to continue for GCC’s stock markets | GulfNews.com:
"In an article earlier this year, I mentioned that the GCC’s stock markets had failed to match up with the gains made by European, Asian and North American bourses, and which saw the FTSE surpass 6,500 points and the Dow break the 15,000-point level.
But it did not take long before the GCC stock markets to achieve uplifts alongside those of the global markets, particularly after Dubai Financial Market, Abu Dhabi Securities Exchange and Qatar Exchange (formerly the Doha Securities Market) were upgraded to “emerging market” status after several years of efforts by exchange officials in both countries to win the confidence of global investors.
During Ramadan, DFM rose 14 per cent, while the Abu Dhabi Securities Exchange gained 7 per cent, and the rest of the GCC markets managed to resume levels seen before the financial crisis in September 2008."
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