الأحد، 31 يناير 2016

GULF MARKETS SURGE ON BACK OF OIL, GLOBAL BOURSES 


Gulf stock markets rose sharply early on Sunday, with strong trading volumes suggesting some investors were returning after oil prices and global equities jumped at the end of last week. 

    Dubai's index  .DFMGI  surged 3.1 percent to 2,945 points in the first hour with real estate blue chip Emaar Properties  EMAR.DU  jumping 4.3 percent. 

    The index may face resistance between 3,000 points and the late December peak of 3,189. 

    Abu Dhabi's index  .ADI  climbed 3.2 percent with real estate developer Aldar Properties  ALDR.AD , the most heavily traded stock, gaining 4.6 percent. 

    Qatar's index  .QSI  added 1.6 percent as Barwa Real Estate  BRES.QA  surged 3.7 percent.
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