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New high for UAE stocks
- United Arab Emirates: Sunday, July 04 - 2004 at 08:36
UAE stocks closed 0.4 per cent higher on Saturday at a new high of 3,724.37 points. So far this year the Emnex index is up 27.5 per cent. But the market's price-to-earnings ratio remains at 15.55 and offers a yield of 3.46 per cent thanks to the rising profits of UAE companies.
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Peter J. CooperSunday, July 04 - 2004 at 08:36 UAE local time (GMT+4)
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