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Dubai bourse rises as 'investors keep calm and carry on'
- United Arab Emirates: Thursday, April 11 - 2013 at 14:03
The DFM General Index rose 1% Thursday to hit 1,973.57 points despite a negative market breadth (advance/decline, 11 to 13). In its quarterly economic outlook published earlier today, U. S. asset management firm SEI (Middle East) said investors keep Calm and carry on, and "although Europe is a mess, the U.S. markets keep growing," having positive impact on global markets. "While past performance is no guarantee of future results, there are some signs that the growth can continue," added the SEI-report. At the DFM, Dubai Islamic Bank gained the most (up 3.63% at Dhs2.57). Market bellwether Emaar Properties closed unchanged at Dhs5.35. Over the week, the Dubai bourse index increased 5% in value.
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Gérard Al-Fil, Financial JournalistThursday, April 11 - 2013 at 14:03 UAE local time (GMT+4)
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