UAE stocks rise on property rally | GulfNews.com:
"Dubai stocks climbed yesterday on last week’s positive global cues as investors also position themselves betting a rise in share prices after Eid.
“The DFM rose in line with global market moves towards end of last week,” said Amer Khan, fund manager at Shuaa Asset Management. “Its been unusually well bid through the summer, the results thus far have lent further support to that sentiment. So, today was likely continued investor positioning ahead of post-Eid markets.”
Construction and property stocks led the rally as investors gain increasing confidence in the emirate’s real estate recovery that is reflected in the increasing prices in various segments."
'via Blog this'
No comments:
Post a Comment