الرئيسية
1048 GMT - Dubai's small caps surge on high volumes, helping
the emirate's index hit a six-month closing high as
retail investor risk appetite grows.
Property stocks rise, with Deyaar up 14.7 percent
and Union Properties up 15 percent.
Gulf Navigation surges 14.9 percent, and National
Central Cooling (Tabreed) climbs 10.1 percent.
"Risk appetite has improved over the course of the last four
to five weeks... broadly speaking fourth-quarter results have
been better than expected and the macro environment, global and
local has also improved," says an Abu Dhabi-based trader who
asked not to be identified.
The benchmark rises 2.2 percent to 1,522 points, its highest
close since Aug. 4.
The Greek parliament approved austerity measures to secure a
much-needed bailout on Monday, boosting world stocks.
Local sentiment was also soothed after Abu Dhabi said in
January it had approved a raft of projects including the delayed
construction of branches of the Louvre and Guggenheim museums.
This was seen as a signal the emirate would support its
state-linked enterprises.
Abu Dhabi's benchmark climbs 0.4 percent to 2,466
points, extending its February gains to 0.5 percent.
Banks support, with First Gulf Bank up 1.1 percent
and National Bank of Abu Dhabi rising 0.5 percent.
Elsewhere, Qatar's index ends little changed, rising
0.09 percent to 8,695 points.
the emirate's index hit a six-month closing high as
retail investor risk appetite grows.
Property stocks rise, with Deyaar up 14.7 percent
and Union Properties up 15 percent.
Gulf Navigation surges 14.9 percent, and National
Central Cooling (Tabreed) climbs 10.1 percent.
"Risk appetite has improved over the course of the last four
to five weeks... broadly speaking fourth-quarter results have
been better than expected and the macro environment, global and
local has also improved," says an Abu Dhabi-based trader who
asked not to be identified.
The benchmark rises 2.2 percent to 1,522 points, its highest
close since Aug. 4.
The Greek parliament approved austerity measures to secure a
much-needed bailout on Monday, boosting world stocks.
Local sentiment was also soothed after Abu Dhabi said in
January it had approved a raft of projects including the delayed
construction of branches of the Louvre and Guggenheim museums.
This was seen as a signal the emirate would support its
state-linked enterprises.
Abu Dhabi's benchmark climbs 0.4 percent to 2,466
points, extending its February gains to 0.5 percent.
Banks support, with First Gulf Bank up 1.1 percent
and National Bank of Abu Dhabi rising 0.5 percent.
Elsewhere, Qatar's index ends little changed, rising
0.09 percent to 8,695 points.