Dubai stocks jump to five-year high but still selling at a 47% discount to Q1 2006 « ArabianMoney

Dubai stocks jump to five-year high but still selling at a 47% discount to Q1 2006 « ArabianMoney:



"Dubai stocks are the fastest rising in the world in 2014 and today the main index broke through the 4,000 mark for the first time in five years. There has been no end to the momentum that pushed the Dubai Financial Market General Index up 113 per cent last year. It is up a heart-stopping 18 per cent so far this year.



However, the DFMGI is still well short of its 8,569 high in the first quarter of 2006. From that level the index lost 82 per cent of its value before finally bottoming out as recently as early 2012. After jumping 20 per cent in 2012, the index rallied second only in the world to Venezuela last year and was number one in dollar terms."



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