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Article: Equities Surge on Higher Oil Prices, Global Market Trend.(Industry overview)

Article from:
Khaleej Times (Dubai, United Arab Emirates)
Article date:
September 19, 2009
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Summary: DUBAI * Revived appetite for risks, spurred by higher oil prices and global market rallies, steered Dubai into positive territory ahead of the Eid holidays on Thursday, while Abu Dhabi surged to a 10-month high.

Dubai Financial Market PJSC, the only listed stock exchange operator in the Gulf Cooperation Council, jumped by 10.5 per cent to Dh2.21.

The main index of the Dubai Financial Market added 2.1 per cent to 2,127.62 in robust trading, with Dh1.64 billion worth of shares changing hands. The index gained 4.2 per cent from the previous week.

The benchmark of the Abu Dhabi Securities Exchange rose by 1.6 per cent to 3,100.05, its best ...

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