UAE indices end year on a strong note | GulfNews.com:
"Financial and investment shares lifted the Dubai index further on Tuesday to end the year on a strong note.
The DFM index closed 1.14 per cent higher at 3369.81 points. The index ended 2012 at 1622.53 points.
The index was the second-best performer globally after Caracas Stock Exchange’s IBVC index.
According to Bloomberg website, the index gained 117.24 per cent for the year while the IBVC index gained close to 503 per cent.
About 1.24 billion shares worth Dh1.66 billion were traded.
“The index has a possibility of crossing 4,000 points next year as continuation of correction from the crisis of 2008,” said Mohammad Ali Yasin, managing director at NBAD Securities."
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