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Dubai market soars on solid prospects for the emirate's eco

 
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Kirk
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PostPosted: Sun Feb 19, 2012 7:08 pm    Post subject: Dubai market soars on solid prospects for the emirate's eco Reply with quote

The DFM General Index jumped 3.63% to reach 1,571.09 points Sunday. According to HH Sheikh Ahmed Bin Saeed Al Maktoum, Chairman of the Dubai Supreme Fiscal Committee, the Dubai economy is expected to grow between 4.5% to 5% in 2012. Shares of the DFM, the only Arab bourse which is publicly listed, outperformed (up seven percent at Dhs0.90), as trading turnover at the bourse remained high(some 397m shares were traded valued at Dhs401.5m). Real estate leader Emaar was the most liquid share (gaining 3.85% at Dhs2.97). Market breadth supported the bullish trend as 26 shares advanced and three declined.

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