Dubai stock index posts biggest swings in the world on Syria fears - The National

Dubai stock index posts biggest swings in the world on Syria fears - The National:

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Dubai's stocks posted the biggest swings in the world in the past month as concern that the United States is moving closer to a military strike against Syria led investors to exit this year's best-performing index.

The DFM General Index's 30-day volatility, a measure of fluctuations in Dubai's equities gauge, rose to 32.9 at 12.28pm on Tuesday, the highest since March 2012 and the most among 72 indexes around the world. That is two points above the Philippines and three above Japan and marks the biggest spread in more than three years to the MSCI ACWI Index of emerging and developed-world stocks.

The benchmark index in Dubai has dropped 14 per cent since reaching a five-year high on August 25, as the US president Barack Obama called for military intervention in Syria over a chemical attack"

'via Blog this'