Sunday, 31 January 2016

MIDEAST STOCKS-Gulf markets surge on back of oil, global bourses | Reuters

MIDEAST STOCKS-Gulf markets surge on back of oil, global bourses | Reuters:

"Gulf stock markets rose sharply early on Sunday, with strong trading volumes suggesting some investors were returning after oil prices and global equities jumped at the end of last week.

Dubai's index surged 3.1 percent to 2,945 points in the first hour with real estate blue chip Emaar Properties jumping 4.3 percent.

The index may face resistance between 3,000 points and the late December peak of 3,189."



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