Insurance and realty shares lift Dubai index up 1.96 per cent | GulfNews.com:
"Dubai’s benchmark measure DFM General Index rose 1.96 per cent to 3,443.76 points on Wednesday after some recent bouts of profit-taking, led by insurance and real estate shares.
The Fed is expected to release the minutes of its December policy meeting and the US jobs data late last night [Wednesday night] which are expected to be positive and this fuelled rally in stock markets across the world.
“I believe the UAE market had over reacted on announcement of new margin lending rules. The new rules are actually positive for the market in the long-term but may lead to more volatility in the short-term,” Vijay Harpalani, assistant fund manager at Al Mal Capital, told Gulf News."
'via Blog this'
No comments:
Post a Comment