UAE stocks jump on strong crude; Damac jumps | GulfNews.com

UAE stocks jump on strong crude; Damac jumps | GulfNews.com:



"UAE stocks jumped more than 1 per cent on Sunday, buoyed by strong crude oil, with Damac Properties leading the gains in trade on the Dubai Financial Market (DFM).



The DFM General Index ended 1.53 per cent higher at 3,963.28, after hitting a high of 3,984.78, a level last seen in early January. Damac Properties ended 14.84 per cent higher at Dh2.94.



“With strong moves in crude oil prices on Friday, we saw a bounce back this morning,” said Sanyalaksna Manibhandu, Manager of Research, National Bank of Abu Dhabi Securities."



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