Stock markets could be hit by Dubai being awarded Expo 2020 | The National:
"Dubai stocks hit a five-year high yesterday as regional markets that were closed for Eid played catch up to the US Congress move to pass a bill to reopen the government and raise the debt limit.
Shares listed on the Dubai Financial Market General Index (DFM) jumped 2.7 per cent yesterday, the biggest one-day price increase since September 15, amid a global market rally. They closed at 2,909.91 points, the highest level traded since September 2008.
The DFM was closed for trading last week in observance of the Eid holiday. Bourses from New York to Shanghai rallied last week after a deal was struck in the United States, the world’s largest economy, that ended a government shutdown, averted a default and raised its debt ceiling until February 7."
'via Blog this'
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