Dubai Financial Market jumps 2.35 per cent on bullish prospects for emerging markets

posted on 26/01/2012: 31 views

The Dubai Financial Market (DFM) General Index edged 2.35 per cent higher to 1,396 points Wednesday amid high trading volumes. Emaar Properties soared 6.70 per cent to hit Dhs2.72, while shares of the DFM, the only Arab market which is publicly listed, were propelled by 8.46 per cent, closing at Dhs0.795. Trading turnover and market breadth improved significantly at the DFM since the start of the year. According to Gary Dugan, Chief Investment Officer Private Banking at bank Emirates NBD (up 21.5 per cent at Dhs2.85), "emerging economies will grow in 2012, despite global uncertainties." - Emirates News Agency, WAM

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