Both UAE’s financial markets – Dubai Financial Market and Abi Dhabi Securities Exchange – took the first ranking among global bourses in January 2013.
Dubai’s Financial Market General Index jumped 16.3%, while the Abu Dhabi Index advanced 9.5%.
Saudi Arabia’s Tadawul benchmark rose by 3.5%. Qatar Index advanced 4.38%.
In the United States, Dow Jones rose by 6.9%, DAX (2.90%) and Nikkei (7.66%).
Stock markets in the UAE and Saudi Arabia are likely to outperform other Gulf Arab bourses in 2013. This is due to stronger economic growth on the back of tourism and consumer sectors.
