Dubai’s benchmark boosts 108 percent in 2013

09 May 2014

(MENAFN) Data showed that Dubai”s bourse saw a higher growth than any other Gulf market by a wide margin in terms of companies” first-quarter profit growth, according to Arab News.

The emirate”s benchmark exceeded 108 percent in 2013 and is up 57 percent this year, making it one of the world”s top-performing stock markets over the past 17 months.

Although some analysts believe the market is overbought, its fundamentals have improved significantly.

The combined net profit of Dubai-listed companies that posted results by May 1 boosted 34.1 percent year-on-year, as calculated by Reuters based on data compiled by Kuwait”s KIPCO Asset Management Company.

More News

This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more