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Markets rebound
- Middle East: Thursday, August 14 - 2008 at 08:54
A collective rebounding of Gulf markets has been witnessed, with all markets registering a rise except for Kuwait. Muscat regained 7.5% of its losses after rising by 3.4%, Dubai Financial Market rose by 2.6%, Abu Dhabi by 1.6%, Bahrain by 0.66% and Doha by0.95%, while the Saudi market rose up slightly by 0.28% but ended its week down by 3.1%. Analysts believe that the strong rebound is natural after the heavy losses incurred by Gulf markets, making them attractive to investors wanting to buy shares at low prices.
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StaffThursday, August 14 - 2008 at 08:54 UAE local time (GMT+4)
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