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DFM to break through 3,000 level in 2010, says analyst
- United Arab Emirates: Tuesday, October 13 - 2009 at 14:41
The Dubai Financial Market will rise more than 28% and pass the 3,000-level by the second quarter of 2010, a fund manager at Gulfmena Alternative Investments has said. 'We will be moving toward the 3,000-level in the medium- to-long term' if the index trades above its 2,200 support level,' said Marwan Shurrab, a fund manager at the Dubai-based asset management firm. 'International market performance, third- quarter results and strong economic data' from the region will support the rally, he added.
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StaffTuesday, October 13 - 2009 at 14:41 UAE local time (GMT+4)
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