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UAE best performing GCC market in February 2009 with over 6% gain

Posted on 10 March 2009

From Albawaba.com: Following a 10% loss in January, UAE markets gained more than 6% and were the best performing GCC market in February. Arabtec and DFM led the rally in Dubai ending the month higher by 32% and 43% respectively.

Dubai listed real estate names also returned to the scene with Emaar and Union Properties gaining 5% and 15% respectively, while the banking sector’s performance was mixed as Emirates NBD lost 5% while Dubai Islamic Bank ended the month 18% higher….. Full Article: Source

 
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Laxman - who has written 19163 posts on Opalesque Islamic Finance Briefing.


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