UAE

Dubai’s market up by 10 percent

Dubai : Dubai’s stocks pulled back in bull market. This was done on the performance of the main equity index of Emaar Properties.

The jump, fund managers said, comes after a rebound in Brent oil prices and a relief rally in US stocks on Friday after the US Federal Reserve refrained from raising interest rates. The DFM General Index jumped 9.9 per cent, while the Abu Dhabi Securities Exchange General Index increased 3.5 per cent. Emaar advanced 13.7 per cent to Dh7.71 while Emirates NBD rose 12.1 per cent to Dh8.24.

A bull market is generally accepted to be when a security or index jumps 20 per cent from a low and a bear market is the opposite.

 

(Source *The National)

 

Tags

NMTV

NMTV was launched in the year 1999, and is Maharashtra only accredited 24-hour, 7-day-a-week local cable news station of Navi Mumbai airing news bulletins and programs in English, Hindi and Marathi. NMTV represents the state-of-the-art in local television news coverage, delivering on a commitment of responsible and community-oriented journalism on an around-the-clock basis.

Related Articles

Back to top button
Close
Close