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Dubai market rebounds on BoJ stimulus
- United Arab Emirates: Monday, April 08 - 2013 at 15:03
The DFM General Index closed 2.2% higher Monday to reach a 3-week high at 1,916.64 points. The market reacted to the Bank of Japan's stimulus measures by increasing its monthly bond purchases to Y7.5tr ($76bn), sending the Yen to 2009-low. For the 2nd day straight, shares of Dubai Islamic Bank gained the most (up 5.73% at Dhs2.40). Emaar edged up 2.10% to hit Dhs5.34. Ajmanbank fell 0.64% to Dhs1.55. The Islamic bank from the emirate of Ajman said Mohammed J. A. Zaqout has been appointed CEO, effective on April 21.
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Gérard Al-Fil, Financial JournalistMonday, April 08 - 2013 at 15:03 UAE local time (GMT+4)
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