Gulf Stock Markets Enter Bull Market


Gulf Stock Markets Enter Bull Market

  • Doha’s benchmark gauge advances more than 20% since Jan. 18 2016;
  • Saudi shares up 17% from low;
  • Trading in Kuwait rises;
  • Abu Dhabi’s ADX General Index entered a so-called bull market on Mar. 06 2016 and Dubai’s DFM General Index reached the milestone in February;
  • Bloomberg’s GCC 200 Index, a gauge of the biggest and most liquid companies in the six-nation Gulf Cooperation Council (GCC), went above its 100-day moving average in early March 2016 for the first time since July 2015.

 

 

 

Advertisements

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s