Business | Markets
Channel Sponsor
Dubai index in biggest one-day gain ever
The Dubai index ended with its biggest-one day gain ever, jumping 10.53 per cent.
- Staff Report
- Published: 14:18 October 13, 2008
- The main index soared to 10.53 per cent.
- Image Credit: Gulf News Archive
Dubai: The Dubai index ended with its biggest-one day gain ever, jumping 10.53 per cent, as a government vow to guarantee deposits and interbank lending, coupled with rising overseas markets, enticed traders back into the market.
The main index soared to 10.53 per cent to end at 3,343.56, supported by banks and real estate stocks.
Emaar Properties rose 15.01 per cent while Ajman Bank and Dubai Islamic Bank both gained more than 14 per cent.
In Abu Dhabi, the index closes up by 6.92 per cent, buoyed by Abu Dhabi Commercial Bank and Abu Dhabi Islamic Bank, both up more than 9 per cent.
Share this article
Related Articles
-
Gulf presses emergency button
Gulf presses emergency button
-
DFM cuts limit down to 10 per cent
Dubai bourse cuts limit down to 10 per cent
-
G-20 calls for concerted action
G-20 calls for concerted action to arrest downslide
-
Most Asian stock markets recover
Most Asian stock markets recover after last week's slump
-
UAE stocks lead gainers in Gulf
UAE stocks lead gainers in Gulf as markets open on a positive note
Popular in Business
-
Budget travel
Airlines in the region
Take a pictorial look at some of the budget airlines in GCC
Business Editor's choice
-
Credit swaps... a fair trade
Would you swap an unbuilt unit at the Lagoons for an apartment at JBR?
-
New face of safety
Volvo reveals a sleeker S60, ready to hit the roads early next year
-
When the Web lives worldwide
Cutting-edge firms are building massive data facilities all over the globe
