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Dubai market soars on UAE's bullish forecast
- United Arab Emirates: Sunday, January 20 - 2013 at 13:41
The DFM General Index opened the week with an index gain of 0.95%, closing Sunday trading at 1,791.73 points, a 21-month high. Emaar as the most liquid shares ended up 4.12% to reach Dhs4.30. Union Properties posted the largest advance, ending up 6.33% at Dhs0.47. The UAE minister of economy Sultan Al-Mansouri said end of last week he expects real GDP growth at 4% in 2013 to Dhs1.39 trillion ($379bn), with crude prices, trade, industry and real estate as the main drivers. The advance-decline ratio stood neutral at 13 gaining shares to 12 losers. Oman Insurance fell the most, closing off 9.93% at Dhs6.08. 550m shares were traded, valued at Dhs655m.
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Gérard Al-Fil, Financial JournalistSunday, January 20 - 2013 at 13:41 UAE local time (GMT+4)
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