Arab Today, arab today dubai shares rise to highest level since 2010
Last Updated : GMT 12:25:59
Arab Today, arab today
Arab Today, arab today

Dubai shares rise to highest level since 2010

Arab Today, arab today

Arab Today, arab today Dubai shares rise to highest level since 2010

Dubai - Blooberg

Dubai’s shares rallied to the highest level in more than a year after US consumer confidence beat expectations and oil rose from a one-week low, boosting optimism in global economic growth. Arabtec Holding Co., the United Arab Emirates’ biggest construction company, jumped to the highest since October 2008. Dubai Financial Market surged 7.1 percent as volumes in the emirate soared. The DFM General Index advanced 1.9 per cent to 1,730.43, the highest since November 2010, at the 2 pm close in the emirate. It rallied 21 percent this month, the biggest monthly gain since October 2007. The Bloomberg GCC 200 Index of Gulf stocks rose for a 13th day, gaining 0.6 per cent at 1:26 pm in Riyadh. “Once the fear globally dissipated, investors started to pay attention to the positive local news out there, and there is a lot,” including valuations and infrastructure spending, said Saad al-Chalabi, an institutional trader at Al Ramz Securities in Abu Dhabi. “The breadth of this rally globally gives us confidence that local gains are sustainable for the medium and long term.” Dubai’s shares have rallied 28 percent so far this year after improved earnings and dividends boosted investor confidence. The 31 stocks in the benchmark are valued at an average 0.78 times net assets. That compares with 1.75 times for emerging market stocks. Abu Dhabi’s shares have also advanced after the government said in January it plans to resume real-estate projects after reviewing their viability. Abu Dhabi’s ADX General Index increased 0.7 percent, rising for a ninth day in its longest stretch of gains since April 18. The Standard & Poor’s 500 Index yesterday climbed 0.3 per cent. The Conference Board’s index of consumer confidence increased in February to the highest level in a year, figures from the New York-based research group showed yesterday. The MSCI Emerging Markets Index rallied 1.2 per cent. Oil for April delivery gained as much as 0.8 per cent to $107.43 a barrel on the New York Mercantile Exchange. Gulf Arab oil exporters, including Qatar and the UAE, supply about a fifth of the world’s oil. Arabtec advanced 3.7 per cent to 3.63 dirhams. Dubai Financial Market, the only publicly traded Gulf Arab stock market, climbed to Dhs1.07, the highest since Oct. 2. Volumes in the emirate have picked up this month, reaching 784 million shares today, the highest since December 2009 and compared with the 12-month daily average of 123 million shares. Oman’s MSM 30 Index rose 0.5 per cent. Qatar’s QE Index increased 0.6 per cent and Kuwait’s Stock Exchange Price Index climbed 0.2 per cent. Saudi Arabia’s Tadawul All Share Index and and Bahrain’s BB All Share Index advanced 0.7 per cent. From gulftoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today dubai shares rise to highest level since 2010 Arab Today, arab today dubai shares rise to highest level since 2010

 



Arab Today, arab today
Arab Today, arab today Kanye West puts hijab-wearing model

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today To release new antiques collection

GMT 20:33 2017 Friday ,17 February

To release new antiques collection
Arab Today, arab today Optimism on the front line

GMT 07:24 2017 Monday ,20 February

Optimism on the front line
Arab Today, arab today Murder of 2 reporters in Dominican Republic

GMT 22:45 2017 Thursday ,16 February

Murder of 2 reporters in Dominican Republic

GMT 09:49 2017 Saturday ,18 February

Qatar Stock Exchange Index Gains 190.17 Points This Week

GMT 09:15 2017 Friday ,17 February

Asia stocks retreat after week-long Trump rally

GMT 08:14 2017 Friday ,17 February

Bahrain Bourse daily trading report

GMT 21:28 2017 Thursday ,16 February

US Stocks End High on Tuesday

GMT 21:18 2017 Thursday ,16 February

Chinese Yuan Strengthens to 6.8632 Against USD Wednesday

GMT 09:55 2017 Thursday ,16 February

Robust Omani Riyal exchange rate affirmed
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Kidogo provides childcare for underserved

GMT 20:24 2017 Wednesday ,15 February

Kidogo provides childcare for underserved
Arab Today, arab today Tragic fluctuations of Bakhtiari's life revealed

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed
Arab Today, arab today London to tax old cars

GMT 14:06 2017 Friday ,17 February

London to tax old cars
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Porsche reveals new 2018 Panamera

GMT 17:31 2017 Wednesday ,15 February

Porsche reveals new 2018 Panamera
Arab Today, arab today Egypt to hold first session of Arab film festival

GMT 21:11 2017 Saturday ,18 February

Egypt to hold first session of Arab film festival
Arab Today, arab today Teach monkeys to recognize themselves in mirror

GMT 20:41 2017 Wednesday ,15 February

Teach monkeys to recognize themselves in mirror

GMT 07:30 2017 Saturday ,18 February

Actress Nadeen Al Rassi views art as her entity

GMT 06:40 2017 Friday ,10 February

MP calls for removing text from Islamic story

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"

GMT 10:26 2017 Tuesday ,14 February

Emergency UN meeting in Harare

GMT 14:04 2017 Tuesday ,14 February

"Lagom" new Swedish concept in interior design

GMT 12:07 2017 Thursday ,16 February

Bite-mimicking malaria vaccine

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 17:36 2017 Monday ,13 February

Designer prepares to present 2017 collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday