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Gulf stock markets surge
- Middle East: Tuesday, October 14 - 2008 at 07:25
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Gulf stock markets, like those in the West, surged yesterday. Having fallen to a four year low on Saturday, the Tadawul closed up 9.5%, above 6,000 points mark. The Dubai Financial Market rose 10.5% to 3,343.56 points, helped by Emaar, which rose 15% after hitting historic lows. Elsewhere, the Abu Dhabi Securities Exchange closed up 6.9% at 3,350.22, the Doha Securities Market was up 8.45% at 7,624.09, Oman's Muscat Securities Market finished 5.2% higher at 7,121.32 points and Bahrain was up 0.8%. However, the Kuwait Stock Exchange dipped, closing almost 0.3% down at 11,826.70.
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StaffTuesday, October 14 - 2008 at 07:25 UAE local time (GMT+4)
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